Tuesday Digestif (25/2016): Why firing 10% of his employees was necessary πŸ‘”πŸ’”πŸ’”πŸ’”πŸ’”πŸ’”πŸ’”πŸ’”πŸ’”πŸ’”πŸ’”

Tuesday Digestif: Weekly Perengo Newsletter on Labor Policy & HR Management

Hello everyone,

This Tuesday:

  • How and why a CEO fired 10% of his employees
  • Why parents know how to lead
  • Why executivesΒ need to sleep too

Buffer: A Case Study in Transparent Leadership

What a great read!

Joel Gascoigne (CEO at Buffer) made 10 layoffs because its management steered the company into an unhealthy position.

Key mistakes:

  • Over-aggressive growth choices
  • Lack of accountability
  • Trust in Buffer’s financial model
  • Explicit risk appetite
  • Over-enthusiastic hiring
  • Team restructuring

Read his detailed analysis, which reflects the key mistakes and explains Buffer’s corrective actions.

A good reminder that managers have a responsibility not only towards their company but their employees.

Tough News: We’ve Made 10 Layoffs. How We Got Here, the Financial Details and How We’re Moving Forward
Tough News: We’ve Made 10 Layoffs. How We Got Here, the Financial Details and How We’re Moving Forward

This Week’s Finest – Management and Future ofΒ Work

Hidden Managerial Skills of Parents (URL) – Lots of parents develop a skill to lead their family by purpose and doctrine.

A transferable skill, which is worthwhile in professional life.

Future of the ‘Fuller Stack Developer’ (URL) – The Internet of Things (IoT) industry will bring about new professional areas and will require new skill sets at the intersection of software and hardware.

TechCrunch compiled an interesting outlook about careers in IoT.

Worth Reading: Leadership Issue

Leaders Need SleepΒ (URL) – Studies find that sleep-deprived executives are less charismatic and are more difficult to be inspired (less perceptive).

Lesson learnt: Get enough sleep.

The Management Myth (URL) – There is a big divide between management academia and practice.

Educators rarely have practical experience in the field. Think about it for a second.

Please let us know what you like, what you don’t like and which topics you would love to see in the future.

Drop us a mail: hello@perengo.com

Have a great week,
Team Perengo

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