Posting this from an alt because I don't want any of my friends to get any sort of negative retribution, but I have a couple friends who work at a “mission-driven” health tech startup, Thirty Madison, based out of NYC. You've probably seen / heard their ads for “Keeps” on every streaming service / podcast. The company recently merged with some other tech company and promised all employees that their jobs were safe. Less than a month later, they asked approximately 30 employees to get into a Zoom call where they were told their positions were being terminated. I was sent a recording of the call from a friend and the two themes were: this decision was so so so hard for the leadership but it has to be done to “keep growing our business and fundamentally changing the healthcare landscape” and “but don't worry, you'll get an 8-week severance and we're providing you with a year subscription to the Calm App for meditation and mindfulness.”
This company has raised over $200 million in venture funding over the past couple of years and recently hit “unicorn” status ($>1B valuation).