203: School of Hiring, The Art of Letting People Go. Oliver Aust & Konstanty Sliwowski

Today we are sharing the repost of an insightful episode from the ⁠School of Hiring podcast⁠, hosted by Konstanty Sliwowski. Oliver and Konstanty dive into a topic that might not be the cheeriest, but it's undeniably one of the most critical aspects of running a business, especially in challenging times: letting employees go, dealing with redundancies, and navigating the turbulent waters of layoffs.

In a year that has seen hundreds of thousands of tech workers lose their jobs, the gravity of this issue couldn't be more apparent. The stakes are sky-high, and how a company handles these delicate situations can make or break its future.

Handled correctly by the leadership, the team will understand why the reduction was the right thing to do to ensure that the company has a future. They will double down and focus on the mission. 

Handled badly, layoffs can trigger a crisis that leads to revenue loss, which in turn requires more layoffs – a downward spiral some companies never recover from.

As much as we would all like to avoid this topic, it's an inescapable part of being a great leader and founder. In this episode, we'll explore the nuanced strategies, empathy-driven approaches, and crucial insights that can make all the difference when facing the challenging task of letting employees go.

Connect with Konstanty Sliwowski on LinkedIn:  https://www.linkedin.com/in/sliwowskik/

Listen to the School of Hiring Podcast: https://open.spotify.com/show/21lu1coKVNYQPZ718puRUl

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