Letting go of an employee doesn't make you a bad person, but it can feel that way. Here are some helpful directives I've found to help conduct the process.
Leading a startup sometimes involves the tough decision of reducing staff. As economic tides and the market shift, here is how to manage layoffs while protecting your core corporate culture.
The automotive retailer Carvana Co. announced it will be laying off over 2,000 workers, about 12% of its workforce, in efforts to align expenses with sales.
In a memo, Peloton CEO John Foley wrote that the company has 'experienced leaks containing confidential information' following reports it was halting production.
Before making a tough decision that impacts your team's future, Gravity Payments CEO Dan Price has a simple suggestion: Ask them for advice. It worked for him.