LOL - since this is given as the "reason" then to me that opens up Pandora's box...

Whenever a company mentions its own financial status as reasoning for lack of making adjustments/moves/etc. (while SEVERAL others are thriving and doing the exact opposite), the answer is always 1 of 2 possibilities:

you either change the business model or you increase investment (go back to the banks to get a loan - sell more stock)

Reducing (or not offering increase in) wages is a clear sign of mismanagement. NK's furlough has a direct cause - what would be F9's?

Mediators aren't dumb.