It will be interesting to see how they dig themselves out of this mess.
The simplistic nature of their model mixed with such a toxic company culture will make it hard to recover from this.
I hear they are already working on deferring deliveries, so maybe a severe cut to the program might get the show back on the road. The problem is lead times in getting experience, training trainers, and getting training done might push them a bit too far.
I remember in 2005 when they were chartering in a lot of other airlines to recover the program, but the airline was much smaller back then. Around that time easyjet was offering golden hellos of 30,000 gbp for type rated pilots. Unfortunately for Ryanair it looks like Norwegian has soaked up most of the sub charter capacity available.
Maybe the easy option out for them would be to buy Monarch and just have them fly large parts of the program until they can get on their feet again.
One can't help but have a bit of schadenfruede for odreary, this has certainly been building for a long time.