@cx If you still have a few years until retirement extract maximum value while positioning yourself to transition to a better company. If your employment is terminated in the coming months ensure you secure the best possible severance package as they will try to match only the statutory minimum even though employment contracts and local laws in many countries may entitle you to more. If the company becomes insolvent (as current market conditions imply this is not only increasingly likely but likely to occur sooner) ensure you claim any statutory redundancy benefits available under your country’s laws. The management’s expectations of the workforce are extremely modest. They are fully aware of what is happening but lack the financial resources and operational capacity to materially change it. As a result the organization is effectively operating in a phase of presentation instead of substance. They are there to maintain the appearance of normalcy and professionalism. The company is under pressure from all sides, customers, suppliers, workforce, creditors, competitors, new entrants, shareholders and broader market. In this environment, the focus naturally shifts towards maintaining stability and managing expectations rather than driving meaningful transformation. This is not a business with durable structural protection. It is no castle with a moat of tangible assets and defensible intellectual property. This business rests on goodwill, reputation and the capabilities of its workforce. Much of that has long been eroded. So it is all a question of when not if.