They got themselves so deep in bebt they had to fire a couple of departments and the prep the company for sale and publick stocks. They literally couldn't pay for services they rent from bigger sharks like Pacific Bells.
So many good people were let go of it's truly heartbreaking, yet all the top sharks are still in place raking big bonuses and salaries,flying themselves to Fiji every year and use 50k credit cards that are payed out of comany's pocket.
Regular people's salaries are kept forever low (even top-tier IT), benefits became too expensive to afford, any raises or bonuses now given out based on personal relationships, and not performance or hard work. Any documentation showing numbers or commitment is easily forged to be in someone's favor.
Higher tier management knows nothing about the product they push out or Telecom, all they care about is to squeeze as much money as possible before they go public.