a sinking ship

a sinking ship

an organization that is failing She says the school is a sinking ship, and has no money to hire additional teachers.
See also: ship, sink

a sinking ship

a company or other organization that is failing He'd seen the company's accounts, realized he was on a sinking ship, and decided to get off.
See also: ship, sink
References in classic literature ?
And how many things that he wouldn't lose for the world will he have to give up before he is thirty, I reflected sententiously,--give up at last, maybe, with a stony indifference, as men on a sinking ship take no thought of the gold and specie in the hold.
You thought that I was ruined, and you scudded like rats from a sinking ship.
While they sit and toast their wealth They failed to hear the cries for help But rats are always first to flee A sinking ship lost out at sea.