Charlie Kim, CEO of Next Jump, believes that just as we wouldn't lay off a child in hard times, we shouldn't consider layoffs in organizations either.

When firing employees, it's important to be transparent and give them opportunities to correct their performance.

It's crucial to be willing to fire underperforming team members quickly, as holding onto them too long can hinder the team's overall performance.

Demoting an employee can be a better option than firing them, as it allows you to retain a hardworking individual while addressing performance issues without creating additional problems.

When it comes to firing employees, it's essential to follow HR protocols, which can be frustrating. You may want to have honest conversations about performance, but legal constraints often prevent straightforward discussions.

It's equally important to fire underperforming team members quickly to maintain a strong team dynamic.

Coaching founders on how to handle difficult decisions, like letting someone go, involves helping them focus on the future and being resolute in their choices.

When managing a company, it's essential to create incentives for employees to stay, especially if they face the risk of being fired.

Many entrepreneurs avoid confronting issues within their organizations, often delaying necessary actions like firing underperforming employees due to fear of repercussions.