The company, and owner, are being much maligned here, unfortunately. The opportunity given to employees in the past was second to none, with type upgrades, endorsements, and the owner himself assisting pilots get to that dream airline job.
Let’s not forget all the good work done in the past, by a talented team of individuals.
Not all employees appreciated the opportunity granted to them, and some took advantage of the owner’s generosity. This contributed to the demise, and as stated here before, you know who you are.