The Cost of Overhiring in Tech: A Reminder to Prioritise People

Rayan Bannai
Founder @ Squared
People Operations

In the fast-paced world of tech, there is often a laser focus on product development and scaling. But as we've seen all too often, this can come at a great cost to the people behind the scenes.

Recently, over 130,000 workers in the tech industry lost their jobs due to overhiring and running before the company could sustain itself. It's a sobering reminder that behind every successful tech company are real people with real lives.

As a founder myself, I believe it's crucial to prioritise the team that makes the magic happen. These are the individuals who put in long hours, move their families to join the team, and offer years of their lives to build something great.

While growth and hiring are important for scaling a business, it's essential to consider the impact on your team. Overhiring and scaling too quickly can have devastating consequences for your employees.

At Squared, we're committed to putting our team first. We believe that our success is directly tied to the well-being and satisfaction of our employees. By prioritizing their needs and ensuring that they have a healthy work-life balance, we've created a culture of excellence and innovation.

So, the next time you think about scaling your tech company, remember the real people behind the scenes. Take a step back and consider the impact on your team before moving forward. Your employees deserve to be put first, and it's up to you as a founder to make that a priority.

Rayan Bannai
Founder @ Squared
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