Letting People Go: Ego and Safety

In today’s Startup Therapy Podcast, Wil and Ryan talk about people losing their jobs. We’ve been talking about it and now it’s happening. People are losing their jobs fast and they are left with little to no option in these trying times. As a founder, what can you do to help? Are you supposed to do something somehow? People are losing their safety of a steady stream of income and the last thing they want to bring with them when they leave is uncertainty and heavy competition. If you still have the means, make it so that the transition is made easier for them. Sign up for the Startups Newsletterhttps://www.startups.com/newsletterResources:Startup Therapy Podcast https://www.startups.com/beginJoin our Network of Top Founders Check in with us on LinkedIn | Wil Schroter | Ryan RutanWhat to Listen For00:00 Intro00:29 It’s a hard time for employees 03:58 Our ego is attached to this sense of ownership09:14 People always remember what they felt during a transaction13:19 How to properly handle demoting/letting go of people23:40 A founder’s ego and safety is being threatened also 29:10 Moving employees from full time to part time37:29 Should you hire more employees now?41:10 Taking advantage of talents being let go43:14 Deferred or partially deferred payment