Here‘s the deal: The mere mortal „stock package“ got pretty much worthless the day the „bridge financing“ (which actually was a down-round) got announced.

Recovering from a 70% layoff only happens once in a blue moon, and usually only when a founder led company that has already reached revenue and product-market fit makes a well executed hard cut that does an exceptional job at keeping and supporting the core team amd managing emotions.

In any other more chaotic situation, the product/emotion/revenue death spiral ensuing is usually impossible to stop.