wind down

In a subsequent bankruptcy-court filing, Marriott said: “Sonder collected tens of millions of dollars in advance payments for reservations it now admits it will never honor, spent weeks on a failed restructuring without any contingency plan, and failed to reserve sufficient liquidity to support an orderly wind-down.”

That’s the administration’s strategy for wind-down, and it’s smart.

“I’ve started to think a lot about how the world is so focused on productivity. We’re focused on the waking world. It’s all about the morning routine. But we don’t really talk about the wind-down,” Equihua says.

It was only reasonable to expect some doldrums after the wind-down of the Big Three.

It’s kind of like my wind-down.