I saw someone's post asking if the company could somehow recover. My opinion is that it would be a real miracle and that one should not hope for it at all. Instead, it is better to follow the exit signs. Who wants to stay here any longer when everything indicates that it can only get worse?
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The real reason is that this non-profitable business has been kept going by VC funds for the last 2 decades. Once that funding has dried up, it is not a viable business as it does not generate profit. The only way to salvage anything is to flog it to someone else at any price. Recent actions are to make the short term numbers look more viable so that a buyer pays up for what they think is a viable entity..