I'm not a Cymbidium expert but I agree it's been severely underwatered for quite a while. It might die. Don't give up hope, though; sometimes even ones looking like this can come back if there's still a good growth point remaining. But you only get one more chance with a plant this sick.
Pull it out of that pot. Don't cut off any roots; you can't tell which are good and which are dead. Repot in a pot about twice that size. For medium use something with good aeration but more water retentive. It will depend on what you have. You could mix 75% that bark with 25% commercial potting soil.
Don't let it dry out, but don't keep it soggy wet. Put it someplace with bright shade and hope for the best. Once a new shoot starts begin fertilizing with water soluble fertilizer as you would for house plants.
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