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HyperSocial CEO sets record straight after crying Linkedin post goes ...
HyperSocial CEO Braden Wallake didn't plan for his LinkedIn post, which detailed how hard it was to lay off staff members, to go viral, let alone garner scores of negative comments.Wallake told FOX Business that he made post for one important reason: to show other small business leaders that they are not alone in making the tough decision to lay off employees."I've got 22,000 whatever connections on LinkedIn, a lot of them are other business owners," Wallake said. "I want to share this vulnerable moment with myself, so others don't feel like they're the only ones going through this."It's a tough thing to go through, especially if you have a small, close-knit staff, he said. If it helped just one person, he would be happy, he added. In the Wednesday post, Wallake admitted: "This will be the most vulnerable thing I'll ever share." It was also accompanied by an image of him crying. Wallake said he didn't expect many people to even see the post let alone email him hateful messages. HyperSocial is a small business-to-business sales and marketing firm that Wallake and his girlfriend, Emily, founded in 2019. They have been living well below their means ever since to try and build up the Columbus, Ohio-based company, Wallake said. They have been living and working out of a van to avoid housing costs since February 2020. Additionally, Wallake didn't take a salary for the first year and a half in order to get the company off the ground. When he did, it was only a few hundred dollars a week. Recently, the company started to grow faster than its staff could handle, forcing Wallake and his girlfriend to shift the business plan. However, in doing so, they lost revenue and had to let go two of their 15 employees. To try and avoid layoffs, Wallake even gave up his entire salary again last week, but it wasn't enough. HyperSocial CEO Braden Wallake and his girlfriend, Emily, are living and working out of a van to cut costs. After having the tough conversations, Wallake and Emily cried together. Wallake said he used the moment as motivation to make sure they are never again in a position where they have to fire employees for their own mistakes."Days like today, I wish I was a business owner that was only money driven and didn't care about who he hurt along the way," Wallake said in the post. "But I'm not. So, I just want people to see, that not every CEO out there is cold-hearted and doesn't care when he/she have to lay people off."Wallake admitted that they had gone through...
Read the internal memo from LinkedIn's CEO on layoffs and 'scaling back ...
By Ashley Stewart You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. and Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. LinkedIn Smith Collection/Gado/Getty Images 2026-05-13T15:35:02.084Z LinkedIn is laying off employees and "scaling back" other investments, an internal memo shows. Affected employees should have been notified this morning. The cuts include Global Business Organization, marketing, engineering, and product teams. LinkedIn is laying off employees, according to an internal memo viewed by Business Insider sent by CEO Daniel Shapero. Impacted employees would receive a calendar invite within an hour of Shapero's email being sent at 7 a.m. Pacific, according to the memo. Roles include those in the Microsoft-owned company's Global Business Organization, marketing, engineering, and product teams.It's unclear how many employees would be impacted by this round of layoffs. LinkedIn employs around 17,500 workers.The company will also "scale back investments" in areas including marketing campaigns, vendor spend, customer events, and underutilized office space, according to the memo.LinkedIn did not immediately respond to a request for comment. LinkedIn's parent company Microsoft has also been cutting costs lately as it plans significant spending, including $190 billion in capital expenditures this year, primarily related to its AI infrastructure buildout.Microsoft last month announced it would offer buyouts to long-serving employees. An internal document viewed by Business Insider spelled out the details of the buyout offer, including severance up to 39 weeks of base pay.Read the memo:"Team,Economic opportunity is one of the societal issues of our time, and Linkedin has been and will continue to be the platform that professionals and companies turn to as they navigate the changing world of work. For us to meet this moment, we must ready ourselves to deliver a step change in impact across our products, businesses, and platforms, while continuing to operate more profitably. We need to reinvent how we work, with agile teams focused on our highest priorities, and by shifting investments toward areas such as infrastructure to fulfill our mission and vision over the long term. This requires hard prioritization and tradeoffs.Today I'm sharing the difficult decision that I, along with our leadership team, have made to reduce roles across GBO...
Silicon Valley giant sacks 1 in 5 workers after CEO's chilling AI memo
The company has unleashed a brutal worldwide jobs massacre - slashing more than 1,100 workers as the San Francisco tech titan races to reinvent itself for the age of artificial intelligence.
AI spending is reshaping workplace benefits. TTEC, a ... - Instagram
... internal memo seen by Business Insider. The move comes as TTEC seeks to ... CEOs are quietly rolling out AI-driven layoffs. The tech revolution is here ...
