Fintech Thought Leaders Reductions in force - Truth, not self-therapy
In this episode of Fintech Thought Leaders by QED Investors, QED Managing Partner Nigel Morris is joined by Bambee CEO Allan Jones, Tribal Credit President Duane Good and organizational and strategy consultant Seamus McMahon about the lessons learned from conducting reductions in force.
Tune in to learn:
How the best founders thrive under constraints. "Constraints drive creativity and they rob you of optionality.”
How founders think about the balance of keeping once versus cutting too deep.
The key considerations around how you message the layoffs to employees.
The importance of taking a retrospective look back at how you grew and where mistakes were made.
Why honesty is the only thing that matters when you're forced to execute a RIF.
Helping team members understand how you came to a decision.
The role of leaders in helping people navigate change.