Silver Lake take-private and Qualtrics' first cut wave (2023)
Silver Lake and the Canada Pension Plan Investment Board took Qualtrics private for $12.5 billion in 2023. Months later, in October, the company cut about 780 jobs, roughly 14% of its workforce, after cutting about 270 earlier that year.
The cuts followed the ownership transition and preceded a quieter period for the company.
They established a pattern: new private-equity ownership paired with cost-cutting restructuring.
Same owners, same kind of move. The current layoffs repeat the 2023 playbook after a fresh acquisition.
