I was terrified when my company was bought by PE in a very hostile way (founding CEO forced out, immediate layoffs, etc).

But honestly things got better, and the employee experience was at least as good as it had been during the “oh shoot we’re not growing anymore” crisis which attracted PE attention in the first place. They also returned us to growth and gave us a nice payout on the magical mystery tokens which had replaced our equity.

As someone who tries to be intellectually honest: I was wrong, and across the 100s of such deals each year there is variation between in employee outcomes.