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by JumpCrisscross 979 days ago
> you simply choosing your cut off time for a hail-mary at 2 months of runway

I'm saying it isn't that simple to project runway in some businesses.

> arguing against your suggestion that the employees without severance are going to be alright because they have severance

Sorry, we agree on this. This will suck for everyone involved. If it was preventable, that's on management.

> plenty if startups led by people who do right by their employees

When push comes to shove, constraints apply. Shutting down a start-up with cash in the bank isn't something that happens without a fight. There will be lawyers, possibly lawsuits, and delays. Convoy had $100+ million in debt; the employees would have had to fight claims of wrongful conveyance.

Put another another way: the CEO paid employees another few months' salary instead of handing that cash to its lenders.