Thread regarding Chesapeake Energy Corp. layoffs

Things are rapidly deteriorating at the Oklahoma City based producer.
Rising debt, bad pricing, and negative free cash flow projected for this year is hurting the business materially.
Something big has to change in order for Chesapeake to survive long term.
In all, Chesapeake does seem to offer investors some attractive prospects, but if something major doesn’t change soon, there’s no telling how much longer the firm will be able to survive.
With capex still expected to remain unchanged at $2.185 billion at the mid-point, excluding $20 million in capitalized interest, operating cash flow should now be $1.806 billion vs. the $1.907 billion the company previously anticipated, while free cash flow should be -$398.98 million compared to prior guidance of -$298.1 million.
In all, this roughly $100 million decrease in expected free cash flow is bad by itself, but what’s worse is when you pair it up with what's happening on the debt side of the equation. In its second quarter, the company’s total debt came out to $10.16 billion, up from the $9.98 billion seen at the end of its first quarter.