Employee Wages in Bankruptcy

What if they go bankrupt after generously paying employees?

How is this good? This means companies will fail and employees won’t get paid through essentially no fault of their own?

Sure, under normal circumstances, but e.g. in bankruptcy employees can be left with unpaid wages. That's the context here.

Typically if you don't pay the employees then you will have no employees ;)

shouldn't you give employees 30 days notice? or is the plan to just fire them when the money runs out? before they've had time to look for another job...

Isn't it true that if if they didn't have a reduced work load and compensation then the company would be closed and nobody would have a job today?

The company is shutting down because they ran out of money... where do you think this magical severance pay is going to come from?

If I'm understanding this correctly, does this mean no company can recover from a situation where they had to let go of people?

Workers ALWAYS give back some of their salaries when a company fails. They either get lower compensation or lose their jobs altogether.

At several companies I have worked for, they have run out of money. At one of them, the executive staff stopped taking pay, but at every single company the business closed and every single staff member otherwise was paid for every minute worked, and every earned hour of PTO. There is no other way for this to work, and clearly these two "entrepreneurs" are taking advantage of you.Don't fret, just quit and find other work. I am sure plenty here on HN have open positions, click th