JOURNAL ARTICLE

Max Levchin says helping laid-off staff pack up their boxes is cathartic: 'Go be with the people'.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lake, Sydney 3 of 3

Abstract

The article focuses on Max Levchin, CEO of Affirm, and his approach to handling layoffs within his company. Levchin emphasizes the importance of being present with employees during the layoff process, stating that helping them pack their belongings was both cathartic and therapeutic for him. He reflects on the challenges of hiring ahead of revenue, which led to significant layoffs at Affirm, and contrasts his approach with that of other CEOs, such as Vishal Garg of Better.com, who faced criticism for a more impersonal method. Despite these challenges, Affirm has seen a revenue increase, indicating resilience in the competitive payments industry. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/02, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2025
  • Accession Number:182851776
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