The following infographic shows why larger teams are less efficient and why multi-tasking is the most notorious productivity killer
It appears another financial slowdown is looming large and many multi-national companies are beginning to feel the pinch. According to various media reports, tech giants Yahoo and IBM are planning to let go of thousands of employees.
Startups are no different. Many early-stage ventures, most of who are backed by leading VC funds, have already laid off hundreds of employees in order to cut costs. Among them are Zomato, TinyOwl, Grofers and Housing — all are India-based and are backed by leading foreign and domestic VCs.
These companies did not have other options but to ask some people to leave — in order to save the ship, else all sink. This is why experts always advise startups to stay lean and spend their money on HR wisely. (Here, at e27, we also let go of some people so that we can stay afloat).
Here is an infographic by ServiceCentre.co.in, which tells us, among other things, why being lean is important for startups.
The post Small is sweet: Here’s why smaller groups are more productive appeared first on e27.
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