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YC

Y Combinator Cast

04/28/17

@ Y Combinator

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

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

BH

Ben Horowitz

04/21/17

@ Y Combinator

When firing an executive, be honest about the reasons but preserve their dignity; it's important to thank them for their contributions and avoid public blame.

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.

KD

Kalam Dennis

12/15/18

@ Y Combinator

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

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

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

JK

Jennifer Kim

04/20/18

@ Y Combinator

Providing clear communication and writing down expectations can significantly reduce confusion for new employees.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

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

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.