Dell Technologies, in which Silver Lake holds approximately 12% of total common stock, laid off an estimated 24,500 employees over 15 months (2023-2024). In February 2023, Dell cut 6,650 workers (5% of workforce) due to declining PC sales. In August 2024, Dell laid off approximately 12,500 more employees, reorganizing sales teams to focus on AI. Dell's workforce dropped from 133,000 in February 2023 to around 108,000 by January 2025. Silver Lake remained a major investor through these cuts.
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Silver Lake is a lead investor in the Trump administration's TikTok restructuring deal, approved in 2025. The $14 billion U.S. joint venture, led by Oracle, gives Silver Lake approximately 50% ownership alongside Oracle, with ByteDance retaining less than 20%. Larry Ellison took a board seat. Trump credited TikTok's 170 million American users as pivotal in his re-election. The deal satisfied the 2024 law mandating divestment of TikTok's U.S. operations from Chinese ownership.
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Silver Lake — Politics: MIXED Silver Lake is a lead investor in the Trump administration's TikTok restructuring deal, approved in 2025. The $14 billion U.S. joint venture, led by Oracle, gives Silver Lake ap… https://reciepts.tech/stance/1440
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See all →Silver Lake-backed Endeavor conducted layoffs affecting up to one-third of its 7,500-person global workforce in 2020, with cuts manifesting as layoffs, reduced pay for reduced hours, and furloughs. Silver Lake has been majority owner of Endeavor since the 2014 merger of WME and IMG. In 2024, Endeavor posted a Q1 loss and burned through nearly $400 million in cash. Silver Lake completed its take-private deal in March 2025, with executive chairman Patrick Whitesell departing afterward.