Well, I haven’t – having executed at least five layoffs in the past 9 years.

Undeniable that some companies with cash position using the covid-19 opportunity to trim staff and avoid scrutiny. We wrote about Chinese companies doing that long time ago.

That said, what Allen Zhu mentioned actually made sense. Many of the cuts are necessarily anyway – delaying those are harmful for the people at the receiving end too.

Most layoffs are not easy for anyone. The decision makers might look perfectly fine, but many actually get emotional baggage and insomnia that they can’t tell anyone about.

Of course, there are unhappy marriages – if you read the TechinAsia report on Zilingo.

Either way, if you are laid off, stop bitching about how it was handled, move on.

If you are competent, of course.

—

Thanks for reading The Low Down (TLD), the blog by the team at Momentum Works. Got a different perspective or have a burning opinion to share? Let us know at hello@mworks.asia.

 

Previous article“Lay off people early, and decisively” – says this Chinese investor
Next articleThese are the most dangerous events for startup founders
Jianggan Li is the Founder & CEO of Momentum Works. Prior to founding Momentum Works, he co-founded Easy Taxi in Asia, and served as Managing Director of Foodpanda. The two years running Rocket Internet companies has given him a lifetime experience on supersonic implementation, and good camaraderie with entrepreneurs across the developing world. He holds a MBA from INSEAD (GMAT 770) and a degree in Computer Engineering from Nanyang Technological University. Unfortunately he never wrote a single line of code professionally - but in his first job he was in media, travelling extensively across Asia & Europe, speaking with Ministers & (occasionally) Prime Ministers. Apart from English and his native Mandarin, he is also fluent in French and conversational in Cantonese & Spanish. He tried to learn Latin (for three years) and Sanskrit (for six months) as well. In his (scarce) free time, he reads, travels, hikes and dives. Pyongyang, Tehran & Chisinau are among the interesting cities he has been to.