I'm sure there's a word for it: What is it called when a company lays-off all its employees, and sells off all its assets in order to pay back VCs, so that it can then claim bankruptcy to get out of many many long-term contracts? I'm sure there's a word for that.
On a completely unrelated matter, I'm looking for new employment after joining my current employer exactly four months ago. This should be fun. Maybe I'll abandon this high-tech industry and help Chris make and sell mail-order smoked meat.