Carta’s covid-19 layoff

The number of layoffs in the tech industry has been sobering. A few months ago, tech companies and workers felt invincible, and now many are simply trying to survive.

Carta laid off 161 people (about 16% of their workforce). I don’t work at Carta or know anything about its CEO, Henry Ward, so I don’t know how the news was received. But Ward’s message to the staff was as good as I’ve seen.

This is a hard thing to do, but taking responsibility and treating the people who believed in you fairly is something that separates good leaders from bad ones.