Channel 10′s board of directors decided late Monday to issue letters announcing the firing of its roughly 500 employees on Tuesday.

The move comes despite overtures from the Prime Minister’s Office to Chanel 10 to hold off on firing employees while the Knesset discusses possible avenues to allow the country’s second private television station to continue to broadcast.

The station has accumulated massive debts and cannot maintain its broadcasting license without paying them. Channel 10 officials and left-wing politicians accuse Prime Minister Benjamin Netanyahu’s administration of preventing government-backed debt relief out of political and personal motives.