Episode 190: Stripe Layoffs, Twitter Melt down, & the Crypto Meltdown

Topic 1: Lessons from the Stripe Layoffs - for tech ITs, vendors, and everyone. Stripe layed off 14% of their workforce, and were very open about the reasons. We all make mistakes in periods of rapid growth and rapid decline. This stuff is hard! https://www.businessinsider.com/stripe-layoffs-memo-tech-sector-challenges-2022-11 https://www.npr.org/2022/11/14/1136659617/tech-layoffs-amazon-meta-twitter https://www.channelfutures.com/business-models/gradient-msp-layoffs-20-impacted-amid-go-to-market-model-shift Topic 2: Twitter Melting Down Twitter has typically reviewed its products for privacy problems before rolling them out to users, to avoid additional fines from the F.T.C. and remain in compliance with the settlement. But because of a rapid pace of product development under Mr. Musk, engineers could be forced to “self-certify” so that their projects meet privacy requirements… https://www.nytimes.com/2022/11/10/technology/elon-musk-twitter-employees.html Topic 3: The Crypto Meltdown. Gaaaaaahhhhhhh!!!! (If you are an FTX investor) https://www.forbes.com/sites/simonmoore/2022/11/10/what-to-make-of-this-weeks-crypto-meltdown/?sh=223282b937f8 https://www.forbes.com/sites/billybambrough/2022/11/13/jpmorgan-reveals-shock-cascade-bitcoin-price-prediction-after-stunning-ftx-meltdown/?sh=809cc6c3f66e https://www.coindesk.com/markets/2022/11/11/ether-turns-deflationary-as-amount-of-eth-burned-spikes-amid-ftx-induced-market-volatility/ Crypto for MSPs: https://youtu.be/C6hXJC0_r3o This week the proverbial $h!t hit the literal fan and the crypto market is in full-on chaos and panic mode. What? Why? How? Where do we go from here? Sponsor: FieldEffect MSPs are frequently at the forefront of cyber security challenges. Between changing customer expectations and the growing threat landscape, you are stretched thin. Need a helping hand? Download research firm, Aite-Novarica Group’s report, sponsored by FieldEffect, and learn how offering MDR increases revenue, simplifies operations, and maximizes margins for MSPs. This independent analysis explores the growing managed detection and response (MDR) market and how MSPs can differentiate their managed security service with the right MDR solution. You'll also find insights from five MSPs who have added co-va-lence, a hybrid MDR solution, to their offerings and the positive impact it has had on business. Want to learn more? Check the link in the show notes. https://hubs.li/Q01cPMsj0 https://fieldeffect.com/msp-report/ Relax Focus Succeed: https://relaxfocussucceed.com/