This really captures how private equity tranforms spaces that used to feel human into these automated profit machines. The revolving door thing is such a perfect metaphor. What strikes me is that efficiency mindset where removing staff and human interaction is seen as progres. I've noticed similar changes in my local grocery store aftr a buyout, fewer cashiers, more self checkout, and that general sense that you're just a transaction now rater than a customer.
So many of us can relate. My current locally owned and managed gym is my daily go to place to unwind, get grounded, and see my community. I would be bereft if it became a soulless Pure Gym. So glad you wrote about this!
This really captures how private equity tranforms spaces that used to feel human into these automated profit machines. The revolving door thing is such a perfect metaphor. What strikes me is that efficiency mindset where removing staff and human interaction is seen as progres. I've noticed similar changes in my local grocery store aftr a buyout, fewer cashiers, more self checkout, and that general sense that you're just a transaction now rater than a customer.
Great, vividly descriptive article about how a private equity ownership has ruined yet another perfectly good business. Thanks
So many of us can relate. My current locally owned and managed gym is my daily go to place to unwind, get grounded, and see my community. I would be bereft if it became a soulless Pure Gym. So glad you wrote about this!
Daily - I'm impressed! Glad you liked it!