'i Didn't Know What I Was Doing': Paypal's Cofounder Says When It Comes To Layoffs, Ceos Should Help Employees Pack Their Boxes

With wide layoffs dominating headlines, PayPal cofounder Max Levchin shared his return connected nan astir humane and empathetic measurement activity should proscription retired layoffs.

On an conception of The Twenty Minute VC podcast, Levchin, who now serves arsenic CEO of Affirm, admitted that he botched nan first clip he had to execute nan unpleasant task.

"I didn't cognize what I was doing and I was terrified of owning nan activity that I screwed up," he explained, saying he efficaciously hid from labour aft they learned they had been fto go.

Related: How They Grew $200k to $3M Side Hustles After Being Laid Off

But, he says, a friend advised him that alternatively than hiding successful his office, nan amended spot to beryllium was "in nan mediate of nan level that's crying," he recalled. "Go beryllium pinch nan people. You'll consciousness amended successful nan extremity and they'll consciousness amended successful nan end."

Levchin said that helping his laid-off labour battalion their boxes was bully for them, bully for him, and bully for nan labour who didn't get laid off.

"People understand that you tried pinch each imaginable strategical aliases tactical thought to not personification to spell done this," he explains.

If you had been laid off, would you personification felt amended aliases worse having your now-former CEO thief you retired nan door? Let america cognize connected social.