← All Impacts
Debt Loadinghigh2015
PetSmart
Retail & Consumer · owned by Apollo Global Management

Apollo loaded $8.7B in debt onto PetSmart, cutting worker benefits

Apollo's leveraged buyout saddled PetSmart with massive debt. Workers reported reduced benefits, staffing cuts, and pressure to push services like grooming despite inadequate training.

Share this impact
Share
Apollo loaded $8.7B in debt onto PetSmart, cutting worker benefits | DeathByPE