Thoma Bravo removed references to its DEI council from its 2024 annual report, joining Carlyle and other PE firms in retreating from diversity commitments. The firm cited Trump's executive orders on DEI as a risk factor that could subject it to compliance investigations and threaten fundraising. PitchBook analysis found significant drops in DEI language across major PE firm filings between 2023 and 2024.
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Thoma Bravo
Thoma Bravo portfolio companies conducted mass layoffs following acquisitions. Olo cut staff for the third time in three years after Thoma Bravo's $2B takeover closed in January 2025. Verint laid off hundreds immediately after its take-private deal closed, with Thoma Bravo planning to merge it with Calabrio. Proofpoint cut 6% of its workforce post-acquisition. A pattern of operational tightening follows their buyouts.
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Thoma Bravo — Layoffs: OPPOSED Thoma Bravo portfolio companies conducted mass layoffs following acquisitions. Olo cut staff for the third time in three years after Thoma Bravo's $2B takeover closed in January… https://reciepts.tech/stance/1480
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See all →Thoma Bravo acquisitions routinely trigger immediate workforce reductions. After acquiring Verint for $20.50 per share, the firm announced layoffs affecting the company's 3,800-person global workforce, including R&D staff in Israel. Former employees report that 20% cuts are standard within weeks of deal closures. The firm manages 83 portfolio companies collectively employing tens of thousands.