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#29 Navigating Layoffs | Nolan Church | Slush 2023
Learn how to navigate layoff processes effectively, avoid common pitfalls, and come out stronger on the other side with key takeaways from Nolan Church's Slush 2023 talk.
- Layoffs in the tech industry are significant, and navigating them effectively is crucial for the future of the company.
- Running layoffs involves communicating clearly and transparently to avoid confusion and negative impact.
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Two essential principles for running successful layoffs are:
- Cutting too deep, as the company that runs a layoff effectively may have a better chance of surviving in a downturn.
- Not firing all non-headcount expenses, as this may not be effective in addressing the company’s financial struggles.
- Communication is key during the layoff process, and the CEO or leaders should be prepared to handle it effectively.
- Companies should avoid common pitfalls, such as not respecting and treating impacted employees with dignity and not having a clear plan in place.
- Companies should also be willing to adjust their approach and learn from the layoff process, as it may take time to figure out the most effective strategy.
- Running a successful layoff involves getting smart and avoiding common mistakes, such as not designing the process thoughtfully and not handling employee reactions effectively.
- The post-layoff process should be focused on supporting impacted employees and retraining managers to handle the emotional impact on employees.
- Companies that navigate layoffs effectively may come out stronger on the other side, and employee productivity and happiness can increase in a crisis.