With mass layoffs dominating headlines, PayPal cofounder Max Levchin shared his tackle probably the most humane and empathetic means 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 job.
“I did not know what I used to be doing and I used to be fearful 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 Facet Hustles After Being Laid Off
However, he says, a pal suggested him that relatively 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 stated 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 doable strategic or tactical thought to not must undergo this,” he explains.
For those who had been laid off, would you’ve got felt higher or worse having your now-former CEO assist you out the door? Tell us on social.
