Leading a company is marked by constant change. As a leader, you have an opportunity to create clarity and alignment through purposeful and consistent communication.
Winners in the new world—as well as smaller startups or those leveraging existing relationships—will still close deals during this period. But be wary of investors who use this environment to propose term sheets full of red flags.
This post explains why sometimes you should embrace layoffs as a difficult but necessary step, how you should implement a layoff, and what you can do to rebuild morale down the road.