How Should You Decide Who You Are Going To Lay Off?
“That is sacrosanct,” one of our investors, “Raul,” said to me. I had just told Raul that we were going to perform a layoff as part of our next funding round.
Raul was pleased to hear me state the obvious. We needed our funding to last at least 18 months, and, with the money we were likely to raise, the only way to do that was to layoff part of the staff.