I know that some things are out of control and that management cannot influence some circumstances. Still, I think they could have prevented or slowed down the downfall of this company, if only they really wanted to?
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It's spelled "literally" - so, do you work in L3 HR since you have no concept of proper grammar or spelling?
They litteraly do not care. From top to bottom.
How do you "prevent" a downfall when you take on more work than you can fulfill, make promises that you cannot keep and continue on this path without any changes? They know exactly what they are doing. So do the customers and suppliers. Everyone just stays on this treadmill and complains. Most ridiculous thing I've ever seen in my career.