Affirm CEO's Empathetic Layoff Approach Sets New Standard
Affirm CEO Max Levchin opens up about his first experience with layoffs, sharing how he evolved from being terrified to adopting a more empathetic approach. Initially unsure of how to handle the situation, Levchin took advice to be physically present during layoffs, helping affected employees in person. This hands-on method contrasts with the typical impersonal tech industry tactics and has been praised for its humane approach. Affirm's workforce was reduced by 625 employees across 2023 and early 2024, yet Levchin's strategy may inspire a new industry standard.
Feb 7