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> Now the employees are having all their claims revoked during that period and are having to pay them on their own. Was it a contractual arrangement? They jus
by meowster 2y ago
> Now the employees are having all their claims revoked during that period and are having to pay them on their own.
Was it a contractual arrangement? They just have to front the money until they sue the company; they're suing as they're looking for new jobs right?
- RutgerHauer 2y agow2 employee. They'd have to get in line in small claims court because they weren't out of pocket enough to really sue.
- smcin 2y agoRead between the lines; it's going bankrupt. Like the first incarnation of WeWork.
- RutgerHauer 2y ago“Overnight we filed for Chapter 11 bankruptcy protection,” the message said. “In connection with the filing, we have applied for approval of a debtor in possession [DIP] loan. Upon court approval, we expect payroll to be funded early in the week and funding for this upcoming week’s payroll to also be secured. We also expect to have the funds to reinstate medical benefits back to May 14, 2024 and going forward. We will provide regular updates.”