Everyone's salaries were probably high enough to skate by for a bit... it's a tech company not a burger king.

fair, and if you work at a startup you should be ready for it to evaporate overnight

another point, though, is the c-suite probably had more information as to how precarious the situation had gotten that the rest of the employees might not

I LOL'd. Let's also remember that every tech company has middle and low wage jobs as well.

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 place I work has physical security, baristas, and random other staff in an expensive city. Tbh I don't know what they make.

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.

Mostly direct employees here. Usually I'd think that's better, but ...