Key Takeaways
- Sam Bankman-Fried broke a two-year Twitter silence to debate worker terminations and company administration.
- He emphasised that terminations are sometimes not the worker’s fault however generally mandatory for enterprise wants.
Sam Bankman-Fried broke his two-year Twitter silence as we speak with a collection of posts discussing worker terminations and company administration challenges.
The previous FTX CEO shared his views on firing workers, stating “Firing folks is among the hardest issues to do on the planet. It sucks for everybody concerned.” He emphasised that terminations are “often not the worker’s fault” however are “often right to allow them to go anyway.”
Bankman-Fried opened his thread with a reference to his present scenario, writing “I’ve numerous sympathy for gov’t workers: I, too, haven’t checked my electronic mail for the previous few (hundred) days,” including that “being unemployed is so much much less stress-free than it appears.”
These posts detailed numerous eventualities resulting in worker dismissals, together with mismatches between firm wants and worker roles, administration availability, and work surroundings preferences.
“Possibly we simply didn’t actually have anybody free to handle them proper then. Possibly they labored finest remotely, however our firm communicated in-person,” he wrote.
He referenced industry-wide hiring points, noting “We noticed it at rivals that employed 30,000 too many workers after which had no concept what to do with them—so complete groups simply sat round doing nothing all day.”
“It isn’t the worker’s fault if their employer doesn’t actually know what to do with them, or doesn’t actually have anybody to successfully handle them,” Bankman-Fried wrote, whereas concluding “However there’s no level in preserving them round, doing nothing.”
