Does a Company’s Collapse Hurt Workers’ Careers?
Every year, hundreds of thousands of firms in the United States go under, leaving millions of employees scrambling to find new jobs. What happens to their career trajectories? Is their previous company’s failure seen as a red flag or not?Surprisingly, there hasn’t been much research on a question that affects so many workers. Previous studies have found that executives’ careers often falter afterward, but the fates of average employees have…

