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Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by quickthrower2 on Thursday October 19, 2023 @05:20PM (#37948890)
In the limit this means go insolvent/bankrupt and not pay out to creditors such as lease, caterers, cloud services. Finish with unpaid taxes and wages.
Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by pc86 on Thursday October 19, 2023 @06:09PM (#37949426)
I'd always rather see employees get payouts on shutdown compared to companies, especially things like billion/trillion-dollar cloud companies and commercial real estate.

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.

Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by quickthrower2 on Thursday October 19, 2023 @10:42PM (#37951792)
Depends: food can dupe people into working extra hours for free. They think they are having a lunch break as they talk shop while chewing on their ciabatta.