Another reorg? More layoffs?
I'm asking because we lost a manager and two coworkers in a week - both of who were good with said manager. They all decided to quit together, or so it seems, which has me worried that he might have know something the rest of us don't and shared it only with those he likes.
Or am I just being paranoid?
https://www.wsj.com/articles/aurelius-warns-frontier-communications-against-chapter-11-11561071177
Corporations are notorious for claiming all's well just before shutting down. Why should anyone believe McCarthy is any different.
Frontier is the Titanic of IT telecoms. People were fleeing the ship when I was there two years ago, back when their stock was around $12.00/share. Now it's $1.21/share and still falling. Get out. Get out now.
Seems like a post from a lifer. Run.
Dan McCarthy sent an email saying the news stories about Chapter 11 discussions are wrong, he said the same thing about selling properties. Well Frontier sold properties off.
restructuring coming next....
most likely another reverse split so they don't get delisted