Originally Posted by
CatPilot1
Doing it this way, they probably don’t have to pay any kind of severance package saving them millions. If they were to wait until after exiting bankruptcy/merger they’d probably have to pay out. We in bankruptcy, F off and no severance, byeee. Hardcore.
Well sadly, my thoughts exactly. I wondered if there was any “exemption” to wrongful termination or anything like that if done while in bankruptcy. Much easier to say “we were struggling and needing to operate with a barebones operation to help the company with cost savings, so cuts were necessary”. Once out of BK, it would seem to be harder to
make this claim.