Comment more like Broadcom (Score 3, Informative) 33
When a company is in decline you can either wait until the company is completely broke and it can't misses payroll (or misses payments on its loans), or it can hit the big red button and get bought out by a company like Broadcom or Bending Spoons that cuts costs and sucks the marrow from the bones. While it sucks for the company to die like that, it's better than the alternative and nobody should have been caught off-guard. Unless you were specifically paid a retention bonus to see the transaction through, your resume should have been updated the day you heard about the transaction.
Private equity is different because private equity intends to on-sell the company within five years (they get five year loans, and refinancing will be hard after PE has damaged the company). PE comes in to a fundamentally sound company, makes bone-headed changes like cutting product quality, skims a bunch of cash off the top and then sells the company. Completely different from a grim reaper company like Broadcom or Bending Spoons.