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Company shuts down because of ransomware, leaves 300 without jobs just before holidays - ZDNet

https://www.zdnet.com/article/company-shuts-down-because-of-ransomware-leaves-300-without-jobs-just-before-holidays/

As a result of the botched ransomware recovery process, the company’s leadership decided to suspend all services, leaving more than 300 employees without jobs.

Over the past two years, there have been many cases where smaller companies decided to shut down for good, lacking the funds to pay a ransom demand to get their data back or lacking the funds needed to rebuild their IT infrastructure