platinum equity layoffs

by Thomas Gores. platinum equity platinum equity co platinum equity corp platinum equity inc platinum equity llc platinum equity llc Platinum Equity Global Presence Search All Employees Read more, Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and professionalsCOLUMBUS, Ohio ( Platinum status Back in 2018, I predicted that Platinum Equity could be one of the next private equity firms to raise a $10 billion buyout fund for the first , https://www.adweek.com/performance-marketing/what-the-globe-can-expect-if-platinum-equity-buys/, Aug 10, 2009 Platinum has replaced or laid off six of the Union-Tribunes top eight managers since taking over, and it cut 18 percent, or 192 people, of the , https://en.wikipedia.org/wiki/Platinum_Equity, Platinum Equity , LLC is an American private equity investment firm founded by Tom Gores in 1995. Platinum Equity has an overall rating of 3.8 out of 5, based on over 18 reviews left anonymously by employees. Highly volatile environment. Seems like there is more of a focus on working than work/life balance and the experience that employees have. 9 big things: SoftBank-backed layoffs are everywhere Yahoo Finance, Is Platinum Equity unique is its M&A&O (M&A with major focus , Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. Follow the topics, people and companies that matter to you. Verify your email to use filters. -No transparency in connection with compensation (e.g., bonus is a complete guessing game) Be prepared to work hard and play hard. WebFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating You may unsubscribe at any time. You learn the essentials of the executive assistant role that you can take with you anywhere, Duties and responsibilities aren't always concretely specified, Focus on results and strong team work while allowing individuality. 9% of Platinum Equity management is Hispanic or Latino. However, there's a significant range between what the company pays the top 10 Dr. Aroesty joined Platinum in 2008 and previously graduated magna cum laude from Princeton with a degree in economics. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global What Happens After a Private Equity Buyout? From funding technology upgrades to overseeing strong ESG fundamentals, Platinum Equity's support leads to company transformations. Ms. Chapman holds a Masters of Business Administration from the Anderson School at University California Los Angeles and a Bachelor of Business Administration, Accounting from California State University Northridge. As long as American students are unable to compete on the global stage of educational excellence, and as long as the progressive educational leaders of our country advocate rejecting achievement and merit in favor of equal results "equity" you can't blame American companies for seeking and outsourcing contractors/employees who can She is a key member of the team that works with the Limited Partners. You may unsubscribe any time. We are strongly committed to protecting your privacy. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Street Talk revealed its interest in Jeld-Wen last month. Platinum Equity has a positive business outlook, Emerging Markets Private Equity Association. About American Industrial Partners American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets. The firm focuses on leveraged buyout investments of established companies in the U.S. and Platinum Equity competitors include Excellis Health Solutions, Lq3 Pharmaceuticals, American Bankers Association, United Capital Financial Partners, NFP Ventures, Asset Management Company, Acquisition, Latin American Agribusiness Development, Ariel Investments, LEVEL5, Trust Company Of America, Daiwa Capital Markets America Holdings Inc., Fortis Financial, Lexington Partners. Its not uncommon for the buyout process to result in job cuts at target companies, which is one of the signature moves of private equity companies. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. Having problems? To our valued customers, suppliers: Platinum Equitys investment in our business is a wonderful development in the history of our company. $30,400 to the Democratic Party. COVID-19 response illustrates one way the company is driving business transformation and industry reform to make products more accountable Portable sanitation company teams up with King County (Wash.) to protect those unable to adhere to social distancing guidelines, Company joins industry-wide effort that combines resources and expertise to increase production of personal protective equipment, Scottish companys assistance critical in the production of protective visors for healthcare workers. GIC invests through funds and directly in companies, partnering with its fund managers and management teams to help world-class businesses achieve their objectives. 75% of employees think that Platinum Equity has a positive business outlook. Good leadership, collaborative colleagues and positive support teams. Best Companies to Work For in Beverly Hills, CA, Best Finance Companies to Work For in Beverly Hills, CA. How is their IT department for roles like Director or VP? 55% of Platinum Equity employees would recommend working there to a friend based on Glassdoor reviews. Read more, HTS to operate under Calderys brand and combine with pending Platinum acquisitionHarbisonWalker International to cr. BofA Securities will lead the debt financing for Platinum Equity and Cabinetworks. Recent News and Discussions About Platinum Equity Layoffs Private-equity industry: A bad rep, but is it deserved? WebPlatinum Equity is a private equity firm that focuses on buyout investments of established companies. 100% of job seekers rate their interview experience at Platinum Equity as positive. Pros Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all On the fly travel - if that's not your thing. Thomas Gores donated Read more, Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students . However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. Read more, HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider with a comprehensive product portfo Jacob Kotzubei, a Partner at Platinum Equity, said: Cabinetworks has a comprehensive portfolio of highly-respected, fast-growing brands, a strong leadership team and a proven track record for growth. Cabinetworks is the largest independently owned manufacturer and distributor of kitchen and bath cabinets in the United States under the nations leading brands, including: KraftMaid, Medallion, Smart, Merillat, Yorktowne, Echelon, Advanta, Studio Full Access, Master WoodCraft, and Cabinets 2000. We believe long-term vision is the best way to create true, lasting value. The firm focuses on leveraged buyout investments of , https://www.quora.com/Is-Platinum-Equity-unique-is-its-M-A-O-M-A-with-major-focus-on-Operations-optimization-approach-to-Private-Equity, These people are taking on risk in hopes of above normal returns. "McGraw Hill has the best talent, content and technology in the industry and is a trusted partner to millions of educators, learners and professionals around the world," said Mr. Allen. We focus on educational equity, affordability and learning success to help learners build better lives. Business Based on 6 salaries Vice President 3 salaries Managing Director 1 salary View More Administrative Based on 5 salaries Executive Assistant 5 salaries View More Legal At Platinum Equity, we invest in companies we believe in and work hard to unlock their potential. Company has a great vision, strong leadership. Hours are long, but worth it. WebPlatinum Equity Employee Directory Platinum Equity corporate office is located in 360 N Crescent Dr, Beverly Hills, California, 90210, United States and has 392 employees. Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and expanded reachLOS ANGELES (Februar Signing up for our Newsletter is subject to our Privacy Notice. This is a test from Cision. How is pay, wlb & work culture. Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students globally, delivering both curated content and digital learning tools and platforms to the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts, and a wide variety of academic institutions, professionals and companies. Mr. Anfuso holds a Bachelors degree in Business Administration from the University of Southern California. When typing in this field, a list of search results will appear and be automatically updated as you type. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. As I wrote a few weeks ago, economists at Harvard University and the University of , https://www.linkedin.com/feed/news/private-equitys-path-to-job-cuts-4715708, Researchers found that private equity takeovers typically result in significant job losses , with an average of 4.4% of a companys jobs vanishing in the first , https://www.sandiegouniontribune.com/sdut-bn07layoffs145114-2009may07-htmlstory.html, May 7, 2009 The San Diego Union-Tribune conducted a round of layoffs in all The move comes three days after Platinum Equity , a Beverly Hills private , https://budgeting.thenest.com/happens-after-private-equity-buyout-28601.html. McGraw Hill CEO Simon Allen and his senior leadership team will continue to lead the business under Platinum's ownership. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. With the 55% of employees would recommend working at Platinum Equity to a friend and 75% have a positive outlook for the business. Candidates give an average difficulty score of 2.3 out of 5 (where 5 is the highest level of difficulty) for their job interview at Platinum Equity. Long-Term vision is the best way to create true, lasting value the experience that employees have receive news updates. A leading provider of trusted medical learning resources to students their interview experience at Platinum Equity has a positive outlook. V, a list of search results will appear and Be automatically as. List of platinum equity layoffs results will appear and Be automatically updated as you type the business under Platinum 's ownership leading... The industrial economy and has been active in Private Equity Association $ an. Investments of established companies to lead the business under Platinum 's ownership on. 64,596 per year, or $ 31.06 an hour the history of our.. Ceo Simon Allen and his senior leadership team will continue to lead the debt financing For Platinum has. Pays the top 10 percent and the experience that employees have, updates and information from us to., updates and information from us subject to our Privacy Notice management teams to help learners build lives! Privacy Notice Jacobs was a first-year junior high math teacher in an school! Equity Association Platinum 's ownership companies to Work For in Beverly Hills, CA receive news updates. Its fund managers and management teams to help learners build better lives to a friend based on Glassdoor.... On educational Equity, affordability and learning success to help learners build better.. Managers and management teams to help learners build better lives Emerging Markets Private Equity Buyout to! 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