Bad advice. Dont burn your bridges. You may need recommendations from your boss or he could sue out of spite.
WRT your coworkers, I was thinking of stories of people would get ready for work every day, go sit on a park bench until quitting time, and go back home, because they couldnt face the fact that all the meaning in life was gone. People have a hard time dealing with major setbacks like death, divorce, or loss of their job.
I disagree that this is bad advice. Perhaps I didn't make myself clear enough.
You are in a time warp. This game is over. It was over long before OP posted here.
You are on a sinking ship and must jump. Your co-workers are in the same boat. Some may even say you have a moral responsibility to help them. In real world disasters, some risk their lives to help others escape. Sending this link to your co-workers could greatly benefit them while costing you nothing.
You have no bridge to burn. Your boss already burnt it. Any recommendation from someone who let this happen to his people is worthless.
I don't blame your boss for having business problems. That can happen to anyone. I do blame him for letting it reach the point where it would affect his employees without fair warning. This is inexcusible and unacceptable.
From a practical point of view, you are much more likely to get a good reference from helping out a co-worker than from a boss who has already screwed you. So do it.
I have been unfortunate enough to have been the General Manager of the Company when this happened. I had no equity. I tried my best to keep everyone motivated and paid myself last to the detriment of my own family. I thought the Captain is supposed to be the last to leave.
I believed that the Company could have turned around, but needed the capital. However an under capitalized Company has a very slim chance of being successful. Even if you stay and work, you become an observer as everything you build starts to crumble and your hands are tied.
My recommendation still stands. Get out as fast as possible and remember, when one doors closes another opens.
Email every one of them the link to this discussion. Give them a chance to "know what else to do".