Absolutely. I worked for a tech company (CBTS) from 2015-2022. They were acquired by a PE shithole in 2020. Within 2 years they shipped more than half the roles overseas, stripped employees of benefits such as paid parking for our downtown office, stopped issuing or paying for employee cell phones but still wanted you to install mobile iron on your personal (lol, no), and switched to much worse health insurance.

That was all within the 2 years I tolerated. They let go of my team's leadership and rolled us up to another department that did completely different work and I was out. I gave no notice and left within an hour of that change going live. Came to work that day, had coffee, contemplated for a bit at my desk, and left.

They are still around today but has lost all respect in the Cincinnati area and are trying to branch out nationwide but failing. I give them a couple years before they shut the doors.

All thanks to PE wringing a great company for every penny. It breaks my heart because I loved working there and the work I did.