We can speculate all we want, but we don’t know what’s coming. We do know a change is coming down the pipe.
My only fear is did this event trigger default on any other bond issues?
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Lay offs and customers disconnecting services is next. The company is toast
Employees have two options which isn’t different than before. Either find another job or stay on. The risk for Staying on has become increasingly higher as the reward has become increasing less. These options and trends will not change. Right now if you stay, your odds are high in the next weeks that you will have a job, longer than that things get bleak. It becomes like playing the lottery, maybe you will luck out and survive multiple rounds of massive layoffs, then if the company lucks out and finds a buyer (they are not coming back just so you can set expectations, They will be bought or die) then you have to luck out again if the new company picks you up and then after that you have to make through another round of cuts to “synergize efficiencies” with the new company. Choose option one people, option two is no way to live and for what you risk you get very very very little in return from your greedy masters
Chapter 11 Bankruptcy is 100%.
WIN has to post $310M bond to appeal the verdict. Maybe they do, maybe they don't.
What is unknown is how many people will be let go.
Likely more than 33% of the company.
There will be no chance to earn new Enterprise customers...what reputable logo is going to sign with a bankrupt company who already had a poor reputation?
The only new blood will be customers who have no other options.
Dead company walking