Tools

Search

Explore

Videos Channels Figures

Atmrix

About

Tools

Search

Explore

Videos Channels Figures

Atmrix

About

YC

Y Combinator Cast

04/28/17

@ Y Combinator

Cut off access to company systems immediately after termination to protect sensitive information.

Video

YC

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

@ Y Combinator

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

04/28/17

Related Takeaways

YC

Y Combinator Cast

04/28/17

@ Y Combinator

When terminating an employee, communicate clearly and directly without making excuses or apologies.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

If a terminated employee has invested shares, repurchase them promptly to avoid complications.

BH

Ben Horowitz

04/21/17

@ Y Combinator

It's crucial to consider the reputational impact on your company when terminating an employee, especially regarding their ability to exercise stock options and the fairness of the process.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

Pay all wages and accrued vacation immediately upon termination, as this is a legal requirement.

AP

Avni Patel Thompson

01/31/19

@ Y Combinator

When shutting down, it's important to communicate transparently with your team and users, ensuring they understand the situation and can find new opportunities.

RH

Reed Hastings

06/10/25

@ The Knowledge Project Podcast

I use severance packages as a management tool to give managers permission to let go of employees, making it easier for everyone involved.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

Effective startup founders handle employee terminations well, which is a hallmark of professionalism.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

Firing an employee is a difficult but necessary task; do it quickly and professionally to maintain company morale and productivity.

WV

Werner Vogels

11/12/18

@ Y Combinator

Security must become a priority for everyone in a company, from the CEO to engineers, as protecting customer data is essential for business success.