In general firms don’t pay people more when they make more profit. Costs are always kept as low as possible while prices are pushed as high as possible in order to grow profit. Most often, if a firm gave you more money than the other person, it’s not because it’s doing better. It tends to be either a happy coincidence, a temporary lapse of fin discipline, or they had a cost-related reason to do so. E.g. labour shortage coupled with replacement cost, sometimes personal qualities inflating the replacement cost.

But yeah a PE sitiation prolly makes things worse all else being equal.