How our startup survived 2 recessions without relying on layoffs • TechCrunch

Entrepreneurs by deploying capital They often face two main challenges: operating at scale and navigating unpredictable market conditions. And often, as the market winds shift and growth turns to falter, startups and public companies begin to lay off their jobs, scrambling to avoid burning through capital.

According to Crouchbase, nearly 45,000 tech workers have been laid off this year. In the past few months, big companies like Glossier, GoPuff, Klarna and Netflix have laid off employees, and many other Internet-based companies have paused to “reevaluate hiring.”

At HackerEarth, we’ve successfully navigated through two recession cycles without relying on job cuts. Over 10 years, we have found that a sustainable approach to hiring and running pilot projects has helped us navigate situations in uncertain market conditions.

Here’s how we did it:

We approach hiring very carefully, hiring only when needed, and maintaining a strong team to buffer us when things go wrong.

It works at a safe distance

We maintain goals and best practices that keep us lean, keep pace with a changing market, and don’t operate on a dime. At any given time, our employee portfolio operates at about 90% of what we think is ideal. When driving on the highway, consider the distance between you and the car in front of you. If we make our teams meet 100% of our needs (following too closely), it will have a domino effect as the market changes rapidly, causing internal “risk”.

However, if we operate at a “safe distance,” we have time to respond without causing significant disruption to our employees. We expect this by planning for our employers. Actively In contrast to hiring, to solve current and future challenges By responding For short term maintenance.

This “safe next distance” allows us to respond quickly to changes, and also brings more efficiency to an employee. When you’re staffed with just a little less than adequate capacity, people get more opportunities to go above and beyond their stated goals. If done well, this tension will lead to greater efficiency and growth for the entire team.

It has built a stronger culture to ensure we meet production goals.

Doing 10% below our expectations means it is important to rely on culture to fill the gap. When hiring, we prioritize candidates with diverse and flexible skill sets that can adapt to changing requirements. This ensures that our team can work on multiple projects, helping to reduce siled mindsets and behaviors.

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