Sad story for the new hires. A couple of thoughts: Large companies fail too in much the same way so I'm not sure how much "startup" specific this is. Busines

Sad story for the new hires. A couple of thoughts: Large companies fail too in much the same way so I'm not sure how much "startup" specific this is. Businesses that are struggling may continue operations as normal, including recruitment, while they seek additional funding or some other inflection point. Companies are often transparent when the times are good and much less so when struggling. It's self-preservation. If they say were in big trouble, the top talent leaves first. It's manifest destiny. So, they put their heads down and try to steer the company through it. It's a terrible situation all around when a business fails, everyone loses.