My First Million

EMERGENCY POD: Shaan Reacts to Better.com CEO Firing 900 Employees

Dec 10, 2021
A mass layoff conducted via Zoom goes horribly wrong as the Better.com CEO fires 900 employees. The cringe-worthy video reveals a lack of empathy and poor communication, leaving many feeling devastated. There’s a deep dive into what leadership should look like in tough situations, contrasting the CEO's financial gains with the emotional fallout for the staff. The discussion emphasizes how vital compassion and professionalism are during corporate crises, highlighting lessons for leaders everywhere.
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ANECDOTE

Better.com Layoffs

  • Better.com CEO Vishal Garg laid off 900 employees over Zoom.
  • Shaan Puri criticizes his handling of the situation, calling it ridiculous.
ADVICE

Quick and Clear Layoff Delivery

  • When laying someone off, rip off the bandaid quickly.
  • State the layoff clearly within the first minute to avoid confusion and anger.
ADVICE

Employee-Centric Layoffs

  • Focus on the employee's experience during layoffs, not your own emotions.
  • Avoid talking about your own feelings; it appears self-serving and insensitive.
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