This post was originally published on this site
When companies run into trouble, the C-suite often defaults to secrecy, sharing updates on a need-to-know basis. But when that happens, people make stuff up to fill the information vacuum—and it’s nev
e
r good. While I’m never glad to see layoffs, Jack Dorsey’s email to Block, the fintech firm he founded as Square, announcing the layoff of 931 people, approximately 8 percent of the staff, meets a standard of honesty that all businesses sh
o
uld strive for. The email, obtained by TechCrunch sets out the reasons for the layoffs and describes the why and the what behind the layoff. He gives three reasons (the