The technology can be sold. As for the people, they entered in a contract with a business. If the business does not pan out, I don't see why they should be "saved". If the failure was due to bad leadership, there will be another company in the same sphere. And the value of these skills is rarely tied to the product itself.
Workers rights are orthogonal to socialism for businesses. And there's more opportunity for abuse when companies are "too big to fail". Business survival should be tied to market fit and the ability to attract talent and retain them, not handouts and acquisitions.
