Seems to me like the last sentence explains it all: The part that Neary left out in his letter? According to sources after Pugh departed he gave employees an u

Seems to me like the last sentence explains it all: The part that Neary left out in his letter? According to sources after Pugh departed he gave employees an ultimatum: 24 hours to decide if they were in or out for the long haul, even if that meant no more salary without a new fundraise, which seemed unlikely. Given that binary choice, they elected to abandon ship.