This episode is also available on YouTube - https://youtu.be/3ltkVytZfZs Today on the Techpoint Africa Podcast, we discuss layoffs by companies within and outside the tech space. Tech human resources expert, Wenyimi Barber walks us through: 1. What to expect in the coming days, 2. How to protect yourself from being laid off, 3. How to tell your employees they are being let go, 4. The effect layoffs have on both employer and employee, among other things. To advertise or promote your brand, visit this link or send an email to business@techpoint.africa Follow this link to download the Whistle app on the Google Play Store. Explore the fintech in everything at The Fintech Summit 2022 Timestamps 00:00 - Introduction 03:31 - Why are tech startups laying off employees? 10:36 - Was this inevitable? 11:51 - What could have been done to cushion the effect? 14:28 - Other alternatives to layoffs 18:10 - Making the decision to downsize 20:22 - Can you avoid been laid off? 21:10 - Case study: Strategies Xiaomi's HR person could have taken when downsizing 22:27 - How to diplomatically tell an employee that they are been laid off 25:17 - What severance packages are 27:09 - How to handle the stigma as a company 30:42 - Is there a respite in view? 34:21 - Who comes out as the "winner" at the end? 36:02 - What causes talent churn? Useful links Softcom’s Weyinmi Barber is making HR desirable one startup at a time Kenyan startup, Marketforce, lays off 9% of its workforce A troubling startup layoff trend has emerged Post-pandemic rebound: Why businesses must weigh the cost of layoffs The reality of corporate layoff dawns on Xiaomi as 900 of its employees become jobless This episode was produced by Ogheneruemu Oneyibo and edited by Muyiwa Matuluko Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.