How to

June 3, 2022

How to manage employees during an economic downturn

As companies cut costs and fire staff, anxious employees will need support. Here's what managers can do.


Vanessa Stock, cofounder and CPO at Pitch

Over the past few months, tech companies at every stage of growth have seen the red-hot financing landscape give way to a new uncertainty, says Vanessa Stock, cofounder and chief people officer at Pitch. Amid the cost-cutting, market pullbacks and mass layoffs, employees might be feeling anxious about what the future holds for them — and as a leader, it’s your responsibility to try to ease some of that angst. Here, Vanessa gives her tips on how to support employees through this potentially rather difficult time. 

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Miriam Partington

Miriam Partington was a senior reporter at Sifted, based in Berlin. She covered the DACH region and the future of work, and wrote Startup Life , a weekly newsletter on what it takes to build a startup.

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