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I mean, if there is some transparency and the numbers add up, and 70% cut appears to do the trick, then it would be pretty awesome being in the 30% with a real

I mean, if there is some transparency and the numbers add up, and 70% cut appears to do the trick, then it would be pretty awesome being in the 30% with a real chance to shine. I imagine there would be a big increase in stock and pay to put things in motion too. Sounds great! Now if the plan is going to end in flames anyway, it still seems like a great reason to stick around and absorb the knowledge and experience. I'm a fix-it person and would love the opportunity to turn a company around - it's like the ultimate challenge.

tshaddox 4y ago
If the numbers add up to justify the layoff, then doesn't that mean that in the time leading up to the layoffs the numbers didn't even come close to adding up? I'm not sure the transparency and fiscal competence the company demonstrated to justify its layoffs would dazzle me enough to make me miss the fact that they had overhired by 3x or more.
mdoms 4y ago
endymi0n 4y ago
Here‘s the deal: The mere mortal „stock package“ got pretty much worthless the day the „bridge financing“ (which actually was a down-round) got announced. Recovering from a 70% layoff only happens once in a blue moon, and usually only when a founder led company that has already reached revenue and product-market fit makes a well executed hard cut that does an exceptional job at keeping and supporting the core team amd managing emotions. In any other more chaotic situation, the product/emotion/revenue death spiral ensuing is usually impossible to stop.
mcguire 4y ago
In increase in pay? During a layoff where they're trying to save money? And then there's the 3x increase in workload.