I also don't quite understand how a $300M (assuming revenue, not valuation) company can run out of cash in 6 weeks. You're saying you can't make payroll in 6 weeks at the current trajectory?

Of course, if $300M is VC ponzi valuation money, this was 80% fake anyways, and dependent on funny math continuing until the company caught up to the hype or exited to Someone Else's Problem, but that was the game being played. Then yes, time to cut. 2K people sucks, but like Uber employees complaining about RSU devaluation.. sucks, but you are the 1% and will ride it out.

I utterly hate that option. But I'm afraid that if we don't find a medicine which can help for the 1/5th with serve syndromes we might be going there. In both the EU and the USA.

Following is somewhat a Conspiracy Theory don't take serious:

I was even wondering if some of the delays in taking measurments around some countries was not incompetence but intentional to strike a heartless ugly balance between economical impact and people dying. But then they underestimated it waited to long and now regret it.

And yes dying people do have a hard economical impact anyway, but companies being closed of over a long time can become economically worse then even 5% of the whole population dying. Mainly because we have a messed up broken economical system which is completely incapable to gracefully handle such emergency situations :(