[runako]

This is definitely not true in the US.

https://thespoon.tech/juicero-to-lay-off-25-of-staff-as-it-a...

https://www.theverge.com/2024/1/9/24032274/humane-layoffs-ai...

https://www.npr.org/2022/04/05/1091077398/checkout-startup-f...

etc.

[jstanley]

Sure, you can get fired. But that just means you're not earning any more. You're not losing the money you already had, like the investors did.

[Paul-Craft]

Just to continue the analogy, an employee's monetary down side is limited to the amount of their investment, which is $0, modulo ESPPs and such. Investors can be leveraged and end up losing a multiple > 1 of their initial investment.