dantheclammanVCs are starting to partner with private equity to buy up call centers, accounting firms and other "mature companies" to replace their operations with AI
GlitchSeems like they may be hurting themselves in the long run, I hope it fails miserably
LexamThey don’t care about the long run.
Yep, just gut one business after another for the quarterly returns. Same logic as the thieves stripping copper from street lights, just at a bigger scale
When they bought a firm I worked at, their goal was to asset-strip the pension fund. Luckily they lost a big court case over that and were forced to repay their ill-gotten gains, though we were still worse off than we would have been because of the legal fees.