I work for a fintech startup in the UK as a senior dev. The company has two products, one is a low-value financial tool A, and the other is a (mostly vaporware) client onboarding "suite" B.
After 3 years, we have 1 client for product A, and none for product B. The management is trying to sell product B, but there are no signs of this happening.
Now I have heard a rumor that the cash will run out in 6 months, unless there is a major client or more investment.
I have also heard that the main plan for investment is a rights issue, which entails trying to convince the existing shareholders to invest more (mainly because nobody else will invest).
I have a 5 month notice period and I know that some other senior employees may have a similar notice period requirement.
Should the company tell employees as soon as they are theoretically unable to pay x months ahead, i.e do they have to have the cash to cover employee pay in the event that no more cash comes in?
My long notice period felt like a good safety net, but now I worry that the management are likely to risk running out of cash and being unable to pay this.