The ongoing round of layoff and the next round of layoff in last week of April is expected to show positive per employee profit figures in balance sheets.
Also I am afraid to learn that executives bonuses are not approved by court. Citing similar reasons the salary hikes in low cost geographies will also be at risk or its gonna be some peanuts for everyone.
Moron, if executives are not getting bonus how can someone else in the company imagine of pay hikes. My dear low cost geography friends, STOP dreaming. Reality is that you are working in a bankrupt company. Did you forget that before filing chapter 11, from last 3 years they were hunting for buyers but couldn't get one so the new propaganda of converting debt to equity came into picture. Its all white collar politics and pure business.