Marussia demise shocking, says Sauber's Monisha Kaltenborn
Marussia went out of business on Friday after failing to raise funds to continue in the sport. They had gone into administration last month.
Kaltenborn, whose team are also struggling financially, said: "It is shocking news that we are not in a position to keep such a team alive."
She said F1 had more than enough money in it to ensure the survival of teams.
"We have a turnover of billions of dollars and yet we are not in a position to keep 11 teams alive," Kaltenborn said.
"And that tells you it is not a good signal the sport is sending out and we are creating a bad image.
F1 team Marussia has ceased trading nearly two weeks after being placed in administration, making about 200 staff redundant.
An anonymous employee said staff were "very, very disappointed" and "quite bitter about it".
"Sadly no solution could be achieved to allow for the business to continue in its current form.
"We would like to thank all the staff for their support during this difficult process."
FRP Advisory confirmed staff had been paid up until the end of October.
Another struggling team, Caterham, has turned to crowd funding in an attempt to run in the final race.
Finbarr O'Connell, interim principal for Caterham, based in Leafield, Oxfordshire, said it needed to raise £2.4m.
He added: "I can't think of a better way to get us all together and show our support to the team than this."
Rewards for backers include having their names printed on a competing car.
Sauber face a contract row with their driver Adrian Sutil after dropping him from the team for 2015.
The German has previously said he has a contract for next season, but Sauber have announced the signing of Marcus Ericsson and Felipe Nasar.
Team boss Monisha Kaltenborn said: "I am very clearly aware of my situation."
She added: "I know what I'm doing."
Sauber have been struggling financially in 2014 and both Swede Ericsson, who drove for Caterham this season, and Brazilian Nasr - Williams's reserve driver - bring substantial budgets with them, believed to be worth more than £20m.
Lewis Hamilton says McLaren should keep Jenson Button
Lewis Hamilton has described Jenson Button as "better than most of the drivers" and urged McLaren to keep him.
Mercedes driver Hamilton, 29, said: "If I had a team, I would want him in it because he's a great asset."
"It's not the team need a better driver - there are not many out there. They just need a better car," he added.
