What happens to suspended jobs in unix?

The jobs are not killed, they are suspended. They remain exactly as they are at the time of the suspension: same memory mapping, same open file, same threads, … It's just that the process sits there doing nothing until it's resumed. It's like when you pause a movie. A suspended process behaves exactly like a process that the scheduler stubbornly refuses to give CPU time to, except that the process state is recorded as suspended rather than running.

From a user's perspective, it means that the job is paused. It will no longer use any CPU. It will, however, keep using the same amount of RAM. That is why you can bring it back to the foreground with fg and it will continue where it left off.

If you kill a job and then restart it, it will start over from scratch.