I am seeing precisely this in my workplace. A global company, bought by an investment fund for billions.

The fund cuts away anything that does not directly generate revenue, like product development, maintenance, support. So many people have been let go, the few remaining are unable to keep the ship afloat.

Fund doesn’t care because the numbers are amazing (income vs expenses) and they just want to sell before it sinks.

No care for the livelihood of thousands of employees, or the many very large customers. They will practically die, and that’s okay to the ones in charge.