Worth a thread of its own - an earlier post from @12A2jaZj-the :
"My previous experience with a company in bankruptcy protection involved assets being sold to other companies with massive layoffs, then emerging as a smaller company with a very small product set followed by more layoffs and then shortly after that, being purchased by another company with more layoffs. We went from thousands to hundreds to a under a hundred to less than ten."
"One thing interesting that I have heard mentioned here already was that during reorg, we actually reorg'd and we saw the company actually making changes and could see it morphing into something else. Its weird that no changes are evident and no final company is even remotely taking shape or being hinted at. Makes me wonder if there is a plan at all or just an excuse to draw things out as long as possible to line a few peoples pockets."
This was my own experience at another big company in chapter 11 that survived and then later thrived – lots of major changes not just in headcount but also the company's strategy and direction.
Is that going to happen at Windstream? Or is going to be the same playbook with fewer players?