4.8 • 826 Ratings
🗓️ 9 April 2020
⏱️ 9 minutes
🧾️ Download transcript
During times of crisis, downsizing seems like a logical course of action, but is it really what your business needs? Listen carefully to Dan as he explains if and how do you need to handle downsizing during a crisis.
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0:00.0 | Dan Locke rants, he raves, and he calls him as he sees him. But if you want to unlock your potential |
0:11.1 | and unlock your wealth, here's your daily dose of Dan. One of the things that I want to do with |
0:19.9 | those of Dan here on Dan Lock Show is to kind of take you behind the scenes and share with you the good, the bad, the ugly of what it takes to run a global organization. |
0:33.4 | And as we grow on the journey of building a billion dollar company, what is it like, right? |
0:40.0 | And what are the successes that we have? And what are the struggles that we go through? |
0:45.4 | So, and I think in some way, I'm almost doing this as if I am talking to a younger version of myself |
0:53.7 | that maybe as I record these episodes, |
0:57.5 | it's almost like a daily diary for me, right? |
1:01.7 | That, hey, here are some of things that we are going through. |
1:05.0 | Here's some of things I could reflect on. |
1:07.6 | And I think it would be pretty interesting. |
1:09.4 | So a lot of topics that I would talk about |
1:12.1 | will not just be business oriented. It would be very much whatever that is happening in my life. |
1:21.6 | So I do hope that you enjoy the episode. So today I want to talk about downsizing. |
1:30.8 | That with the coronavirus, there are a lot of companies out there that they're downsizing. |
1:37.8 | There's one company that actually my CFO used to work for, which is a company has been around a long time in Vancouver. |
1:47.0 | They're kind of in the alarm, you know, fire alarm, that type of business, which has been around |
1:55.7 | a long time, like generations. And that company, they had, I think, 100-some-one employees, and they have |
2:04.6 | downsized, basically 60, 65 people, almost two-thirds of their employees in the last really two weeks. |
2:14.7 | And so not just them, you probably see it from the news. A lot of companies are downsizing. |
2:21.0 | A lot of companies are actually laying off a lot of people or they are planning to lay up a lot of people. |
2:30.8 | And although the government is trying to help, they're trying to encourage the |
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