CEO Announces Closure of 70 Million Resources, Inc. Due to Financial Challenges
Tell HN: I'm Afraid We're Shutting Down 🔗
The text is a heartfelt announcement from Richard, the CEO of 70 Million Resources, Inc., about the company's decision to shut down due to financial challenges exacerbated by the COVID-19 pandemic and the "Great Resignation." Despite making significant social impact by facilitating employment for individuals with criminal records, the company faced insurmountable obstacles and ultimately ran out of resources. Richard expresses gratitude to his team and investors, acknowledges personal responsibility, and hints at continuing his reentry work in the future. The message reflects his unwavering dedication and commitment to making a positive difference in the world.
- CEO Richard announces the closure of 70 Million Resources, Inc., due to financial difficulties exacerbated by the pandemic and the "Great Resignation."
- The company, which aimed to disrupt the reentry industry by providing employment opportunities for individuals with criminal records, faced a steep decline in revenue and was unable to secure additional funding.
- Despite the closure, Richard expresses gratitude to the team, investors, and individuals with whom he worked, and hints at continuing his reentry work in the future.