Overview

• Harsh Pokharna, CEO of Bengaluru-based OkCredit, shared his approach to laying off 70 employees due to budget constraints caused by over-hiring.
• The company provided three months' notice, one-on-one communication, and job placement assistance, with 67 employees rehired before the notice period ended.
• For the three employees not placed, the company offered two additional months of salary as financial support.
• Pokharna criticized the tech industry’s impersonal layoff practices, such as informing employees via email, calling them 'inhuman.'
• His LinkedIn post has sparked discussions on ethical leadership, with many praising his actions as a model for treating employees with dignity during layoffs.