RE:RE:RE:RE:RE:AluminumXebec did the same thing
Xebec's revenues were growing from $126 million in 2021 to $200 million+ in 2022, and Xebec was hiring all the time.
Only two months before Xebec was de-listed, they laid off 10% of their North American workforce.
That's a fact.
In retropspect, their hiring practices created an "illusion" of profitable growth.