I disagree. When my father's used car lot went under, that was a massive failure of planning and leadership, sending my family into a financial spiral with effects felt for decades. There was no upside here. Hell, he ended up in jail briefly as a result of the debacle. There's definitely such a thing as failure.
That said, I agree that the poster's mindset seems to be doing them no favors here. Sounds like they've always been paid, they've done good work, they've broadened and deepened their engineering experience. As long as they can still find a job there are worse things than this kind of failure.
this hit hard, and for me it just proves how much harder i should work on things I care about, and not what the next clown wants me to accomplish for them
Narratives and emotions run the world. Engineering / facts only come into play when there's liability to kill people or lose investors money.