It’s utterly bizarre. The customers lose out by receiving an inferior product at the same cost. The workers lose out by having their employment terminated. And even the company loses out by having its reputation squandered. The only people who gain are the executives and the ownership.
This is absolutely by design. The corporate raider playbook is well-read. See: Sears, Fluke, DeWalt, Boeing, HP, Intel, Anker, any company purchased by Vista (RIP Smartsheet, we barely knew ye), and so on. Find a brand with an excellent reputation, gut it, strip mine that goodwill, abandon the husk on a golden parachute, and make sure to not be the one holding the bag.
It’s utterly bizarre. The customers lose out by receiving an inferior product at the same cost. The workers lose out by having their employment terminated. And even the company loses out by having its reputation squandered. The only people who gain are the executives and the ownership.
This is absolutely by design. The corporate raider playbook is well-read. See: Sears, Fluke, DeWalt, Boeing, HP, Intel, Anker, any company purchased by Vista (RIP Smartsheet, we barely knew ye), and so on. Find a brand with an excellent reputation, gut it, strip mine that goodwill, abandon the husk on a golden parachute, and make sure to not be the one holding the bag.