It's not a good time for tech: - 3rd largest NASDAQ downturn in 20yrs - Growing companies down 75% in 6mo

And now… 30k people laid off since March.

Including from companies like Tesla, Superhuman, Loom, Bolt, Clickup, Netflix, and Canva.

There's a lot of stuff written on what founders/execs should do.

But nothing for the manager caught in the middle.

I thought I'd write a quick take for us to discuss

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First... the doom and gloom your reading is probably true.

Your company isn't immune from this -- and it certainly can't survive without your help.

So Tech Managers here's 3 things you need to do:

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1. What to do today: Change your mindset

- You’re not a bottle floating in an ocean at the whim of the wind. Be a buoy - It's extra important to be a diligent leader today. - Don't create fear or spread rumors. But do due-diligence on your function to get ahead of things.

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2. What to do this week: Do an audit A) Goals: How are you tracking? What's best case, most likely, and worst case? Whatever it is, build a plan to get back on track starting now. B) Team: It might be time to kick some of the nice-to-have projects down the road 6 months so you can stay hyper-focused on your goals. Make sure your team knows why they’re essential to the operations of the business - it will help focus. C) Expenses: Cut what you don’t need. In reality, you should consistently be doing anyway. But take this time to re-set.

And tally the total… you’ll need it later.

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3. What to do this quarter: Take action

Don’t get paralyzed by analysis.

A small action now is just as meaningful as a large action much later.

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There's so much more that you could/should be doing including... Discussions to have with your team Get serious about managing up Use your network for any hires Questions to ask your boss Make diamonds

There's actually so much of this other stuff I wrote an article to cover it (https://hypercontext.com/blog/modern-manager-community/how-managers-should-prepare-for-layoffs)

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What'd we miss?