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A comment on Convoy collapse: Read CEO's memo detailing shutdown of Seattle trucking startup. Parent comment

Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by teachrdan on Thursday October 19, 2023 @06:43PM (#37949811)
I don't doubt that you've had "a pretty long career," but I wish you had spent a moment Googling before posting this take. I immediately found an example of a 250-person company paying employees severance after deciding to shut down operations. If it's possible at 250 employees, it's possible at 500.

https://www.hollywoodreporter.com/business/digital/inside-qu...

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Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by busterarm on Thursday October 19, 2023 @08:19PM (#37950573)
Quibi was also a ludicrous company that gave streamers multi-million dollar up-front no-milestone deals and then shuttered.

They absolutely cratered within six months of launch.

I wouldn't use them as an example of how to competently operate a business. They literally gave all of the investors' money away. They operated more like a charity than a business and if I were one of their investors I'd have been suing.

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