this post was submitted on 25 May 2025
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VCs are starting to partner with private equity to buy up call centers, accounting firms and other "mature companies" to replace their operations with AI (techcrunch.com)
submitted 2 days ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 16 points 1 day ago (1 children)

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

[โ€“] [email protected] 4 points 1 day ago

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.