The Enquirer understands that some offices have closed for business with staff taking to LinkedIn appealing for help in finding new roles.
Midas filed a notice of intention to appoint an administrator on Friday following a series of payment problems across its sites.
But in an update yesterday the firm vowed to battle through its cash-flow crisis.
It said: “This does not mean that Midas has entered into administration and the company continues to operate, while the Directors work to explore all available options to achieve the best outcome for the business and our people, our customers, supply chain partners and all our stakeholders.
“Midas is committed to pursuing an outcome that will achieve continuity for our live contracts and asks all our valued stakeholders to remain supportive of the Group at this time.”
But one source said: “Offices have been closed for business and staff have been told not to turn up for work.”