In this episode of Business Lunch, Roland Frasier and Ryan Deiss discuss the mass layoffs happening at major tech companies and the opportunities and lessons to be learned from them. They explain why businesses are so reactive to changes in the economy, how the layoffs are reflective of the correction and recession, and the potential opportunities for smaller companies. Lastly, they discuss the potential of the newly unemployed to create their own businesses or switch to other jobs.
It’s certainly running some hot takes on this episode. So be sure to bring an umbrella! Tune in to hear how to make the most of the current economic climate and what this could mean for the future.
IN THIS EPISODE, YOU’LL LEARN:
1:31 - Layoffs happening in big tech companies
2:30 - Roland's initial take on the mass layoffs
6:27 - This is what happens when companies FOMO-ed
7:15 - What was the ROI in the previous mass hiring?
8:28 - Why do rising interest rates create the dynamic of mass layoffs?
13:19 - Peloton as an example
14:55 - Twitter: Laying off employees does not mean they are less effective
16:30 - Big techs are following the example of Twitter
19:51 - Will your business continue to grow even if you cut the workforce by 50?
22:50 - The laid-off smart people will launch new businesses