Beware the private equity chop shop - Tier II Technical Support Valsoft Employee Review

ValSoft, like most private equity firms, has a standard, ruthless playbook: buy an established company, strip it down for parts, pay out massive bonuses to the executives, discard it and move on. Day one after Valsoft bought our company, 40 people (nearly 30% of the company) were laid off. By the end of the year, another 40 people had been laid off. Some of those positions were immediately posted for hire, at lower wages with less benefits. Benefits were cut on day 1. Management was blatantly dishonest about their intentions with the company. HR was impossible to work with--we had 4 different HR reps from Valsoft over the course of 9 months, and each one would kick the can on your issue until the next took over, so nothing was ever solved. Now 80 people (the majority of the company) lost their jobs in the middle of a pandemic (a pandemic, mind you, that was leading to increased sales for our medical sector firm) despite assurances from ownership that this would not happen. The company forced laid-off employees to sign NDAs, under threat of being denied unemployment benefits. Ownership and management tell bald-faced lies to clients about what is going on.