If no one was picking up their calls and it was obvious, then sure.
Not much is really that clear though.
In my tiny case a while back, I wiped my liquid savings to get me employees some time. Can't do that with over a thousand employees though!
Manic founders who insist that a rescue will come right up until the last second often leave people feeling burned and don't get as many second chances when things don't go well.
There is a big difference between a less than 1% chance and an 80% chance here. Part of the job is knowing that difference, and how to handle/communicate it.
I've heard it said that every boss of a failed company will tell you that they almost got a last minute investment, or almost made a big sale, or almost got acquired, if they'd only had an extra week or two it'd have all been different.
Of course that could be wishful thinking - or a sign that in the final days they were offering fire sale prices.
This might be true, but personally I'd rather the company try to remain a going concern.
You could refuse the severance as an employee if you wish to go down swinging.
Knowing the company is doomed in a month or 2 and not alerting employees is not a good thing yo do, in my book.
Has anyone at Convoy claimed this?
Separate questions. You said the company knew it was "doomed in a month or 2 and [did] not [alert] employees." I've seen them messaging pain since their multiple rounds of layoffs last year and this [1], as well as in August [2]. Moreover, I haven't seen claims of being blindsided (as Yellow drivers were).
[1] https://www.geekwire.com/2023/trucking-marketplace-convoy-ma...
[2] https://www.theinformation.com/articles/digital-trucking-com...
That being said if you're burning $30M+ every month in the current financial market I really hope you cancelled all your catering contracts a long time ago.
Not surprising though, that Elon would be in the same camp as this Convoy CEO, not likely to shed too many tears over worker concerns.
https://www.businesstoday.in/amp/technology/news/story/elon-...
Also where were you during 2017, 2018 period when the doomsayers (aka TESLAQ) predicted the same so often? So much so that this tweet became famous?
https://x.com/elonmusk/status/980566116614291456?s=46&t=yN2X...
FedEx famously (allegedly) came down to a hand of blackjack in Vegas to avoid bankruptcy.
Elon has said several variations of this have happened on several occasions.
And yet this fragility never really made it into IR reports or SEC filings or annual reports.
So either he exaggerates (shocking concept from a man whose company has on multiple occasions had to follow him around and say "his claims of Tesla doing X, or doing it by Y date, are visionary, and not statements of fact"), or there's some hinky accounting going on.
It’s nothing like a layoff.
It's pretty easy to say "oh you should have done this differently" with almost zero actual knowledge of the situation or experience.