when-a-unicorn-start-up-stumbles-its-employees-get-hurt.html

http://mobile.nytimes.com/2015/12/27/technology/when-a-unicorn-start-up-stumbles-its-employees-get-hurt.html

when-a-unicorn-start-up-stumbles-its-employees-get-hurt.html

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.

mobile.nytimes ยท 12.31.2015

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http://mobile.nytimes.com/2015/12/27/technology/when-a-unicorn-start-up-stumbles-its-employees-get-hurt.html

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.
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