Taking a check till they stop coming. Using their money till its all gone. They just waiting for you to do the dirty work and quit.
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Anyone working or who has worked under this completely inept bunch has known it for quite some time. What we all saw coming five years ago is standing on your front porch today. If you are able get out now, leave! This company will not make it to the end of 2028, I honestly don’t believe it will be around a year from now, and if you are hoping for a VRP or severance you are only fooling yourself. The only people leaving this disaster are the C level folks, and they have already secured the cash away to cover those six and seven figure payouts.
😴 while reading this Captain Obvious article containing 99% of info everyone already knows. The real questions are what happens after bankruptcy?
so.... nothing new... what lazy reporting.
Thank You Claude!
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Summary:
Optimum, one of the largest U.S. cable and broadband providers, is facing severe financial pressure that could lead to bankruptcy within the next year.
The company has enormous upcoming debt obligations: $6.3 billion in 2027, $6.2 billion in 2028, and $3.8 billion in 2029. According to its filings, Optimum currently doesn't have enough cash, expected cash flow, or committed financing to cover those payments.
S&P Global recently downgraded Optimum's credit rating from CCC+ to CCC, indicating a significant risk of default, and reportedly expects the company could seek bankruptcy protection within a year. Optimum has already undertaken financial transactions and restructuring efforts, including consolidating parts of its operations, apparently aimed at protecting value and improving its financial position ahead of a possible Chapter 11 filing.
The article frames Optimum's problems as part of a broader decline in traditional cable television, driven by falling viewership and cord-cutting.
Bottom line: Optimum hasn't filed for bankruptcy based on the article, but its heavy debt burden and weak ability to repay it have created a substantial risk that it could do so in the relatively near future.