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The company started a new department, hired 6 people only to lay them all off. I don't know about finances so correct me if I'm wrong but the company had to know they would be filing for bankruptcy and laying the team off before they started hiring. How could things could have gone that far south in 3 months, and who knows when the other people were hired, some probably 1-2 months ago. And for my friend this was over a 1700 mile move. I'm thinking about other people who potentially could have came further away and moved their family there only to be SOL. He has interviews lined but I just think this is ridiculous. I know no job is safe but come on.
Maybe the deal with one of the big investor the company is hoping for didn't go through?
Maybe one of their biggest investor drop them?
Maybe the product/plan they put their hopes on didn't work out?
Maybe they are too optimistic on their future?
Lots of maybe....
Hiring is expensive and I really doubt they hire 6 new employees on purpose.
There are always risks involved with changing company and/or relocation.
Good Luck to your friend.
That is unfortunate. I hope they find something new.
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