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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 1 year ago by to c/technology@lemmy.world
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[–] 11 points 1 year ago (2 children)

They're VCs, they're not here for the long run: they'll replace the employees with AI, make record profits for a quarter, and sell their shares and leave before problems make themselves too noticeable to ignore. They don't care about these companies, and especially not about the people working there

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  • [–] 4 points 1 year ago

    Better yet, they buy a company, take a loan out against the company, pocket the cash and then leave the struggling company with the extra debt. When it dies they leave the scraps to be sold and employees and others owed money are left out to dry.

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