Yep, there's a ton of deadweight and high salaries in the sales team and management team. Expect that talk of continuing with the same management team to not be true.
Well, if you can believe it, the high salaries are still a discount compared to the numbers that they should be getting AND they are still pressured to close just as much as they would if on commission.
Eg if a TW salesperson HAS to sell $20MM of work within that year but only gets paid $300k/year (I doubt it's that high, but maybe), they are still underpaid because most places would at least give them a few percentage points of the margin, i.e. their entire TW salary...
There may be plenty of deadweight, but they aren't on high salaries. Pretty much all the management and sales people could get paid (a lot) more elsewhere, and they likely will go now that they aren't bound by any sense of loyalty. And the new owners will help them out the door with golden handshakes.
Everyone wins, except anyone who is foolish enough to believe that 'nothing will change'.
Eg if a TW salesperson HAS to sell $20MM of work within that year but only gets paid $300k/year (I doubt it's that high, but maybe), they are still underpaid because most places would at least give them a few percentage points of the margin, i.e. their entire TW salary...