Not exactly surprising. As soon as you go the public company route then you are immediately at the mercy of the investors/shareholders who are in it for their dividends. Once it's stopped paying out then they will push for a breakup/sale to maximize their own profits. Employees are just another expense that the investors don't give a shit about. It's even worse for those companies that are listed as you're immediately at the mercy of the short sellers, no ones ever in it for the long term.