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IT company with 1 lakh employees can collapse due to massive debt
short by Mohul / on Thursday, 15 February, 2024
Once a technology legend, Atos faces a critical period with declining share prices and a Rs 23,000 crore debt due in 2025. High-profile acquisitions, like DXC Technology Co., led to losses, compounded by leadership instability. Atos plans to sell its IT business, negotiate with Airbus, and refinance debts with a court-appointed mediator.
read more at Trak.in