The next few months will be filled with companies trying to pivot their way to survival, because tech layoffs may get worse before they get better.
Nolan Church was the chief people officer at the time of the layoffs. According to layoffs.fyi data, more than 100,000 tech employees have been laid off since the beginning of the year.
Church talked with me about how his experience in the people operations world at both DoorDash and Carta has influenced his perspective on the best way to lay off workers. He is building a startup that will match executive talent with startup for full time and fractional opportunities. His vision for a more flexible workforce is in line with the fact that tens of thousands of employees are looking for work after just this week's layoffs.
If you haven't already listened to my entire conversation with Church, take a listen. We pulled four key excerpts from the interview, from canned CEO statements to how he is thinking about the workforce reduction at the micro-blogging site.
Tech layoffs may get worse before they get better
We should talk about ownership of the social networking site. A few days after he was laid off, Jack Dorsey took responsibility for the fact that his company overhired. I wondered if the bar was getting higher for CEOs when it came to taking responsibility for large-scale layoffs, because of the delay in his response.
The pendulum of power between employees and employers has swung dramatically in the last 12 years. The pendulum is swinging again. The best talent will always be sought after if I predict where the next five to 10 years will go. Employees will retain more power as they go forward. They'll remember how companies deal with this moment.
I thought his statement was weak. He waited to say something, then sent out two sentences. I thought that this was the definition of weak leadership because I have been a fan of Jack for a long time. I would have been expecting more from him. I wouldn't consider working for Jack in the future if I was an employee.