Originally Posted by guppie

The min/max is meaningless in a displacement. You can bid wherever your seniority can hold. Period. Carlson has been here before. Multiple times. So he went deeper than he wanted the end result to be, anticipating (guessing) where people would bid. This strategy will result in some overages and deficits, but overall it will lower the number of displacement bids required vs what we've seen in the past. IOW, quicker downgrades and pay-cuts for many. This is a desperate company doing what it can to outlast the cash burn and maybe avoid bankruptcy. Sure they'll come at us for concessions, and I agree we should hold firm and not be fearful. But this isn't some grand scheme with poker chips and chess boards. This sh!t is real.