Tag: layoffs

Things Seem Bad. Fine! What’s Next?

M.C.Management

I had a couple posts teed up about how bad things have seemed with all these layoffs and a couple ways you should try to support your team in the midst of this torrent of negative news. Corporate restructurings, crypto bankruptcies and daily Twitter drama – the company and the content. But do you really need to read any more of that? I pulled my quill out a couple times but the ink ran dry. Frankly, like many of you I’m sure, I needed a couple weeks to rinse off the negativity. And then we ran face first into Thanksgiving.

To summarize, things are not great in tech land. You know this.

Would You Work for Elon Musk?

M.C.Management

Haven’t you heard? Twitter was delisted from the New York Stock Exchange. Taken private by an eccentric billionaire who builds rockets and electric vehicles in search of a new mountain to climb: restoring the town square of the Internet via social media content moderation. He may have fought it and tried to escape the deal multiple times through various tweetstorms, upper and lower court lawsuits. But here we are. Elon Musk owns Twitter.

Cutting Costs: 2022 Edition

M.C.Management

Everywhere you look, people be cutting costs. Google and Facebook are NOT “doing layoffs” but it feels like every other tech company under the sun is getting leaner. Companies are scrambling to maintain their current trajectory, meet investor expectations, or in other cases just stay alive.

Less examined is when companies say “we need to cut costs”…what exactly do they mean? And, as leaders, how can you understand your menu of options to better plan? When the plan comes down from on high, it’s good to be prepared!

Since I’ve Been Gone: Summer 2022

M.C.Management

Ah, how blissful to take the summer off from writing. Was it a quiet summer? Oh noo no no. We moved! Out of the Bay to Boston. Took some vacation. Got Covid on vacation. Had to put my head down and do a fair amount of work too. So yeah, like many of you I’m limping back into the swing of things.

You may have noticed the temperature has risen…and I’m not talking about the weather. All across the tech ecosystem the heat is on with teams “pushing harder” amid headwinds of slumping growth, plunging valuations, and an escalating sense of impending doom.

What else did I miss?

In This Economy? Change Everywhere

M.C.Management

Warren Buffet, in the most perilous of economic times, used to say “only when the tide goes out do you discover who’s been swimming naked.” Terrifying stuff, the thought of seeing Warren Buffett naked. But I think he meant to infer he was clothed. And that people didn’t really prepare for the down times. Anyway. Underneath the maelstrom and devastation of the national, international and political news cycle three stories this week from the world of tech jumped out:

Seeing Reality Clearly This Downturn

M.C.Management

Surely you’ve heard. The winds have shifted. Layoffs are ticking up at well known startups across the funding spectrum from public companies on down. You’re likely hearing the volume turned up on sayings like “renewed cost discipline”, “focus on profitability”, “wartime mentality”, or even the dreaded “shift in strategy”. These types of announcements are already sending ripples through teams, organizations, and markets. Is any of this really surprising?

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