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This question is about jobs.
Many different outcomes can occur for employees when a company is bought out and this often depends on the employees' roles. Often, when a company is acquired by another company, redundant roles are laid off, and more specialized roles remain.
Historically, company buyouts have resulted in job losses. Redundant roles like sales positions or administrative positions may be cut. It is important to note that as a company acquires a new company, it will need more employees in these redundant areas, so not every employee will lose their job.
Specialized roles often feel more security when a company is bought out, but not always. Specialty roles could include something like an engineer. If an engineering firm buys out another firm, they will often just acquire all their engineers and use them all to now complete more work at an accelerated rate.

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