Chapter

Poor Layoff Management
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01:47 - 05:03 (03:16)

The speaker criticizes a CEO who failed to properly announce a layoff by not stating the reason for the meeting upfront, and suggests that the consequences could be severe for both the CEO and the company.

Clips
The CEO of a mortgage company, Better.com, made controversial statements in a company-wide meeting which sparked backlash on social media.
01:47 - 02:34 (00:47)
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Better.com
Summary

The CEO of a mortgage company, Better.com, made controversial statements in a company-wide meeting which sparked backlash on social media. It is likely that he will face severe repercussions for his comments.

Chapter
Poor Layoff Management
Episode
EMERGENCY POD: Shaan Reacts to Better.com CEO Firing 900 Employees
Podcast
My First Million
The first three things you say when firing an employee must include "we're going to be letting you go today", "the market has changed as you know", and "we have to move with it in order to survive".
02:34 - 04:00 (01:25)
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Business Management
Summary

The first three things you say when firing an employee must include "we're going to be letting you go today", "the market has changed as you know", and "we have to move with it in order to survive".

Chapter
Poor Layoff Management
Episode
EMERGENCY POD: Shaan Reacts to Better.com CEO Firing 900 Employees
Podcast
My First Million
The speaker shares his experience of making a tough decision and highlights the importance of taking proper ownership and communicating it with clarity.
04:00 - 05:03 (01:03)
listen on Spotify
Leadership
Summary

The speaker shares his experience of making a tough decision and highlights the importance of taking proper ownership and communicating it with clarity.

Chapter
Poor Layoff Management
Episode
EMERGENCY POD: Shaan Reacts to Better.com CEO Firing 900 Employees
Podcast
My First Million