What would those be though? I work at a U.S.-based software startup with 100 employees and no one makes less than $80K. Avg cash comp is just under $200k. It’s likely Convoy had a very similar profile.
under $200k isn't a massive amount of money especially if you have a couple of kids and live in a high cost of living area. You definitely shouldn't be paycheck to paycheck but it would definitely be in the realm of "oh shit" if you lost it and your health insurance (again, especially if you had kids) overnight
versus a CEO who may be making double or triple that, and knew the end might be coming and started saving up extra
The people we have like that at my startup are contractors and may be out of work a short bit but their agency will just move them elsewhere when something comes up.
