New Name, Same Game. Private Equity Outsourcing, Layoffs, Etc. - Anonymous employee Covius Employee Review

This Colorado company is owned by private equity in New York. Since takeover, the company was divided into several divisions and the most (least?) profitable division was just sold to another firm. This transaction amounted to a staggering amount of layoffs, creating a general malaise around the office. There seems to be no stability and the remaining staff works in fear. Dozens of other positions were outsourced to a firm in Asia a few years ago and no new business has come in to replace the loss for these American jobs.