Episode description
In today’s Startup Therapy Podcast, Wil and Ryan talk about people losing their jobs. We’ve been talking about it and now it’s happening. People are losing their jobs fast and they are left with little to no option in these trying times. As a founder, what can you do to help? Are you supposed to do something somehow? People are losing their safety of a steady stream of income and the last thing they want to bring with them when they leave is uncertainty and heavy competition. If you still have the means, make it so that the transition is made easier for them.
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Resources:
- Startup Therapy Podcast
- https://www.startups.com/begin
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- Check in with us on LinkedIn | Wil Schroter | Ryan Rutan
What to Listen For
- 00:00 Intro
- 00:29 It’s a hard time for employees
- 03:58 Our ego is attached to this sense of ownership
- 09:14 People always remember what they felt during a transaction
- 13:19 How to properly handle demoting/letting go of people
- 23:40 A founder’s ego and safety is being threatened also
- 29:10 Moving employees from full time to part time
- 37:29 Should you hire more employees now?
- 41:10 Taking advantage of talents being let go
- 43:14 Deferred or partially deferred payment