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Planning and Managing Layoffs

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David Ulevitch writes about a few points to consider when both planing and managing layoffs. Laying off staff can be one of the toughest things an entrepreneur and leader can do, but might be crucial for survival in these tough times.

Find full article here: https://a16z.com/2020/03/31/planning-and-managing-layoffs/

A brief summary:

Points to consider while planning on layoffs

  • Consider a furlough (leave of absence)

  • Think about health benefits

    • Time it right

    • Treat your employees like adults

    • Think about severance

  • Timing

    • Do it once

    • Are you notifying them or are they leaving that day

    • Dealing with company property while remote

  • Leverage your board, corporate counsel, and comms team

Points to consider as you do layoffs

  • Company communication is critical

  • How to actually tell someone they are being laid off

    • Schedule with common sense

    • Be prepared

    • Less is more

Read more here: https://a16z.com/2020/03/31/planning-and-managing-layoffs/

Gabriel Granström