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by gruez 983 days ago
Happens all the time in non-publicly traded companies as well, eg. https://en.wikipedia.org/wiki/Telltale_Games

>[...] but the rate of production created a "crunch time" culture behind the scenes, leaving poor company morale [...]

>Internal restructuring led to a layoff of 25% of the company's staff in November 2017 [...]

>In the midst of releasing The Walking Dead: The Final Season, the company was forced to initiate a "majority studio closure" after their last investor had pulled out of funding. Telltale announced on September 21, 2018, that it had let go of all but 25 of its staff as part of this closure [...]