Tiiiiiight

There will likely be no benefit for the employees or the users. For the PE firm, the goal is usually to pump up the value and resell or reenter the market, at a massive profit, in a few years. To do that, they’ll have to make a lot of unpopular choices, such as layoffs and other cost cutting measures. If they’re privately held, those choices have far less impact on the value of the company, since the stock market is heavily swayed by public perception.