Lesson 5: The 4 Cardinal Rules of Firing | Suzy Welch

“The day firing becomes easy is the day to fire yourself,” says Jim Peters — a sentiment every leader should consider taking to heart. According to Professor Suzy Welch, letting someone go is never easy, nor should it be. It’s a responsibility that demands care, professionalism, and empathy. From addressing performance issues early to preserving dignity and supporting employees in their next steps, Welch shows how to turn a difficult task into an opportunity for growth and respect. In this video lesson, you’ll learn how to handle terminations the right way — thoughtfully and ethically. ---------------------------------------------------------------------------------- Go Deeper with Big Think: ►Become a Big Think Member Get exclusive content, early, ad-free access to new releases, and more. https://www.youtube.com/@bigthink/membership/ ►Subscribe to Big Think on Substack Explore content that enlightens, inspires, and transforms. https://bigthinkmedia.substack.com/subscribe/ ►Get Big Think+ for Business Engage learners like never before with high-impact video microlearning from the biggest thinkers in the world. https://bigthink.com/plus/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description ---------------------------------------------------------------------------------- About Suzy Welch: An award-winning NYU Stern School of Business professor, tech entrepreneur, and three-time New York Times best-selling author, Suzy Welch is known for imparting warmth and wisdom about business and culture, captivating an enthusiastic and expanding audience. Over the course of her multifaceted 40-year career, Suzy has been a crime reporter in Miami, a consultant at Bain & Co., and a columnist for O: The Oprah Magazine. A graduate of Harvard University and Harvard Business School, she has been (and remains) a frequent guest of the Today Show and an op-ed contributor to the Wall Street Journal. But Suzy Welch’s greatest passion is in the classroom at NYU Stern School of Business, where she teaches two acclaimed classes, “Becoming You: Crafting the Authentic Life You Want and Need,” and “Developing Managerial Skills.” She is also the director of the NYU | Stern Initiative on Purpose and Flourishing, a community of management scholars and practitioners committed to advancing the discovery of authentic meaning.