he new owners of West, while they continue to add to upper management staff, providing accolades as to how these new people add value to the company, are on a targeted, planned course of action to devalue ALL the benefits to employees on lower levels.
Upper management has made it very clear, in web conferences with employees, that their investment efforts are targeted towards those types of e-businesses that require minimal human capital.
There should be no surprise here. The owners, Apollo Global Management LLC, are a Private Equity Fund - they are not in this for the long haul.
Additionally, Companies owned by Apollo Global Management LLC defaulted on their debt more than those owned by 12 of the other largest private-equity firms, according to Moody’s Investors Service.
They try to spin a good story with the employees - but all you can expect from a pig is a grunt. Things will not improve for the employees - except for those at the top. Buyer beware.
Originally posted on @VXscVKx-Ztyr