[CJP Insights] Layoffs can be life changers

It is a season of layoffs in the Indian startup industry. With Fed raising interest rates over inflation concerns in the USA, the era of cheap capital is over and hot money chasing startups is no longer available

“SoftBank-Backed Meesho Layoffs: 150 Employees Fired After $870 Mn Raised In 2021”

“Edtech Giant Unacademy Lays Off 600+ Employees To Cut Cash Burn”

“Trell Layoffs: 300 Employees Let Go From Social Commerce Startup”

“Furniture Rental Startup Furlenco Lays Off 180 Employees To Cut Losses”

“Edtech Startup Lido Lays Off Over 150 Employees, Months After Raising $10 Mn”

“BharatPe Employee Exodus Proves Perks Are Not Enough To Build Culture”

“Tiger Global & Lightspeed Backed OkCredit Lays Off Around 40 Employees”

Life changers can be devastating but here is a wonderful story of a superstar who acknowledged on social media that he was fired from Deloitte 10 years ago. He even thanked his bosses for doing to him what he did not have the courage for. They destroyed a life that he was building for someone else, so that he could finally begin to build a life for himself 

“Ten years ago, I thought my life was over…I was let go off my job at Deloitte…” added Simu Liu, the Shang-Chi star (Marvel Entertainment) who rose to fame with the Canadian drama, ‘Kim’s Convenience’ ( a show centered on a Korean Canadian family operating a convenience store in Toronto)

 I read his interview and I was left totally shocked in disbelief on knowing his story.


 Here’s what he said:

 “Ten years ago today I was let go from my job as an accountant at Deloitte and although it devastated me at the time, it ended up being the best thing that ever happened to me”

He even went on to describe his exit day in detail which just showed the ice-cold behavior on the floor that day:

“I was (led) into my managing partner’s office at Deloitte and told that they were terminating my employment effective immediately.

A lady from HR and a security guard escorted me back onto the floor in front of the entire open concept office. It was so quiet you could hear a pin drop.

Nobody moved, offered a whisper of encouragement or even looked in my direction.

I fought back tears of humiliation, grabbed my things, and never looked back.”

BUT, his journey of trying to break into Hollywood and make it happen for him was so well summed up with a line which was the icing on the cake:

The next four years were spent “running around like a headless chicken trying to figure out how to break into the [entertainment] industry, struggling with credit card debt and taking any job I could.”

“Another three years were spent trying to break into Hollywood, sinking my precious life savings into something many would call a pipe dream,” he added. “It’s really only been these past three years that anything I’ve done has begun to bear any fruit.

It’s really only been these past three years that anything I’ve done has begun to bear any fruit.

I know luck has played a substantial role in my successes but I am sure that if I hadn’t been cast in two life-changing roles, I’d still find purpose and meaning in the pursuit of success on my own terms.

“The pursuit of a dream, YOUR dream, against all odds, that’s what life is all about.”

Always remember that you can always make things happen

Happy April 12th, Instagram.

To Paul Gibbon and the offices of Deloitte Toronto; sincerely, honestly, THANK YOU. You did for me what I never had the courage to do myself; you destroyed a life that I was building for someone else, so that I could finally begin to build a life for me.