With mass layoffs dominating headlines, PayPal cofounder Max Levchin shared his tackle probably the most humane and empathetic manner management ought to perform layoffs.
On an episode of The Twenty Minute VC podcast, Levchin, who now serves as CEO of Affirm, admitted that he botched the primary time he needed to carry out the disagreeable process.
“I did not know what I used to be doing and I used to be afraid of proudly owning the duty that I screwed up,” he defined, saying he successfully hid from workers after they realized that they had been let go.
Associated: How They Grew $200k to $3M Aspect Hustles After Being Laid Off
However, he says, a good friend suggested him that fairly than hiding in his workplace, the higher place to be was “in the course of the ground that is crying,” he recalled. “Go be with the individuals. You may really feel higher ultimately and so they’ll really feel higher ultimately.”
Levchin mentioned that serving to his laid-off workers pack their bins was good for them, good for him, and good for the workers who did not get laid off.
“Individuals perceive that you just tried with each attainable strategic or tactical concept to not need to undergo this,” he explains.
In the event you had been laid off, would you may have felt higher or worse having your now-former CEO enable you out the door? Tell us on social.
