Earlier this year, all looked rosy at Buffer. But one day, Buffer’s CEO Joel Gascoigne and the rest of the management team realized their math didn’t add up. Buffer would be out of money in just five months. After running the numbers, the path seemed clear: They had to lay off 10% of their staff. In this episode, Joel shares how he navigated this tough decision, pivoted after realizing he made a mistake, and restored the company's faith in their vision through radical transparency. Learn more about your ad choices. Visit megaphone.fm/adchoices