Because the company wasn't making any new sales or delivering any of the existing ones to production, the COO and VP of Support decided to fire the older employees -- the workhorses -- in order to afford raises and bonuses for the younger ones.
Not eating due to overworking and inability to take brakes during work due to work overload.
Chip has developed workorexia because he spent 6 hours on conference calls and 5 hours doing work related tasks which led to lack of lunch brake and food.