when-a-unicorn-start-up-stumbles-its-employees-get-hurt.html
when-a-unicorn-start-up-stumbles-its-employees-get-hurt.html
12/31/2015
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summary
This article from The New York Times examines the repercussions that occur when highly valued tech startups, known as "unicorns," encounter financial difficulties. It highlights how the collapse or downturn of these companies can have severe implications not only for the founders and investors, but also for the employees. The article discusses the case of Zirtual, a startup that abruptly shut down, leaving hundreds of employees jobless and without any warning. It explores the emotional and financial toll this took on the employees, as well as the challenges they faced in finding new employment. The article provides a nuanced perspective on the impact of startup failures on the individuals involved.
tags
unicorn start-ups ꞏ start-up culture ꞏ tech industry ꞏ silicon valley ꞏ employee benefits ꞏ stock options ꞏ start-up valuation ꞏ start-up funding ꞏ start-up failures ꞏ job insecurity ꞏ start-up layoffs ꞏ entrepreneurialism ꞏ tech entrepreneurship ꞏ venture capital ꞏ tech bubble ꞏ company culture ꞏ workplace dynamics ꞏ employee rights ꞏ financial security ꞏ job stability ꞏ start-up success ꞏ start-up growth ꞏ start-up ecosystem ꞏ technology industry ꞏ innovation ꞏ business news ꞏ start-up challenges ꞏ start-up management ꞏ workplace stress ꞏ employee morale ꞏ tech start-ups ꞏ start-up competition ꞏ work-life balance ꞏ start-up environment ꞏ business strategy ꞏ start-up investments ꞏ start-up failure analysis ꞏ start-up motivation ꞏ start-up trends ꞏ start-up economy ꞏ start-up success stories ꞏ start-up failure stories ꞏ start-up lessons ꞏ start-up financing ꞏ competition in start-ups ꞏ start-up risks ꞏ start-up resilience ꞏ start-up leadership ꞏ start-up resources ꞏ start-up innovation ꞏ start-up disruption ꞏ start-up technology