By DAVID M. BRIAN, Associated PressThe company has been in trouble for years.
In January, it reported $100 million in debt and filed for bankruptcy.
It filed for Chapter 11 protection.
Last week, the company announced it will stop issuing stock and cut 1,000 jobs.
The company’s bankruptcy filing also caused investors to sell off shares.
The company said Monday it has already lost $1 billion.
It says the cuts would be made to offset the effects of the tax bill.
A lot of the cuts will be made for people who are retiring, it said.
A number of other companies have also seen their stock prices decline in the wake of the U.S. tax overhaul.