Summary of Planning and Managing Layoffs

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Planning and Managing Layoffs summary
Start getting smarter:
or see our plans

Rating

8

Qualities

  • Applicable
  • Insider's Take

Recommendation

David Ulevitch doesn’t purport to be a lawyer or an HR expert, but as a serial start-up entrepreneur, he has suffered the disappointment of having to lay off faultless employees. In this detailed playbook for managing layoffs, Ulevitch empathizes with firms that must let people go in order to survive and with leaders tagged to deliver the bad news. Rightly though, he reserves most of his compassion for affected employees; especially those let go in a time of crisis and few available jobs. 

About the Author

David Ulevitch is a general partner at Andreessen Horowitz, where he focuses on enterprise and SaaS investments. He is the founder and former CEO of enterprise security company OpenDNS (which Cisco acquired) and founder of EveryDNS, an authoritative domain name service.

 

Summary

You’ve exhausted all other options and must lay off your employees; prepare for one of the most difficult days of your career.

Having to let people go who’ve done good work is hard. Remember though, your disappointment pales in comparison with that of those affected. Laid-off employees face psychological and financial challenges heightened by COVID-19 and an extremely challenging environment in which to find new work.

Make the transition as caring as possible for affected employees while protecting your firm. 

To ease employees’ pain and safeguard your firm’s legal, ethical and reputational interests apply the following practices:

  • First, consider alternatives – Can you avoid a layoff by furloughing employees instead? This saves you their salary but gives them benefits, a huge relief for most workers. Also consider pay cuts instead of layoffs, but tread carefully: Usually, pay cuts fail to ...

More on this topic

Customers who read this summary also read

Covid 19 Has Ravaged American Newsrooms and Why That Matters
8
The Founder’s Field Guide for Navigating This Crisis
8
4 Factors That Help Leaders Lead Successful Change
9
What Does the Coronavirus Pandemic Mean for Your Job Search?
9
How Coronavirus Will Impact the Future of Work and HR
8
The Future of Work Looks Like Staying Out of the Office
8

Related Channels

Comment on this summary