Layoff notices have gone out to hundreds of contractors and employees with 12/31 their last day. Next round in January for employees and management. Thousands of jobs on the block. $180 billion in debt - trying to cut $20 billion from operating in 2019.
Bumped from @Nmxfhe1-9ltfz, good info.
All employees get 60 days notice except some bargained that may only get 30. Contractors need no notice.
hopefully, that debt is fixed rate which would negate the high interest rates. Now US Govt debt on the other hand...
Pied Piper is collecting his dues. $180B is more than most countries. Bankruptcy is inevitable when interest rates start rising. The question is how far ahead they can kick the can.