Jonathan Ross (Groq founder) avoided layoffs by asking engineers to take pay cuts for equity — "Groq Bonds"

Overview

Groq was three weeks from running out of cash. Founder Jonathan Ross was staring at a list of names his leadership team had put together for layoffs — and realized cutting them would kill the product before it ever hit the technical milestone it needed. Instead of firing people, he pitched something else at an all-hands: keep your job, take a pay cut, take equity instead. They called it "Groq Bonds" internally — not a real bond, just salary swapped for ownership. 80% of the company opt

SpinGraph analysis pending — check back after processing.