The EntreLeadership Podcast Our Business Is in the Red (Is It Time to Lay People Off?)
17 snips
Aug 11, 2025 Diving into the emotional challenges of potential layoffs, a business leader shares their tough decisions amid declining revenue. Discussions reveal the struggles of addressing pay disparities within teams and the importance of transparent communication. A business owner contemplates selling or relocating their company due to remote challenges. The episode highlights the complexities of leadership during financial crises and emphasizes the need for strategic focus on tasks while managing employee dynamics.
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Facts Are Your Anchor
- In crises, use facts to override drama and restore clear thinking.
- This reframes decisions from fear to measurable forecasting.
Forecast Before Cutting Staff
- Do a rigorous facts-based forecast before cutting staff.
- Only reduce headcount if data shows a sustained, irreversible revenue decline.
Leaders Take Cuts First
- Stop leadership pay before laying people off to buy time.
- Make layoffs the last, transparent option.
