I’m torn. When I put my money in the bank, I don’t consider that an “investment” and neither did the employees.

I’m the last person to feel sorry for BigTech employees (I am one) making $300K+ a year (I don’t. I’m not complaining) who got laid off and didn’t save during the good times (I have used almost every penny of my after tax signing bonus/RSUs toward “increasing my net worth”). But most of the people working at startups aren’t making nearly that much (?). Why should they suffer harm?

Could the CFOs at these companies known they were making risky bets (serious question)