When I came on as CEO of Scribe Media, I ended up firing 8 of the 14 people that were at the company – but first, I always asked myself two distinct questions before firing them.
We needed to have a hard conversation. He wasn’t getting fired. He wasn’t getting demoted. But we needed him to change positions…and take a salary cut in the process.
I had to fire multiple people when I took over the CEO role at Scribe. Firing a terrible person is easy, but how do you fire a good person in a way that doesn’t hurt them?
No disrespect, but most business leaders I know wouldn’t even share their company’s salary and financial information with their dog, let alone everyone in their company. They’d never admit it, but those business leaders hoard information for one reason: they’re afraid.