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/Managing a Team in Difficult Situations
Managing a Team in Difficult Situations
Learn how to manage a team in difficult situations.
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There can be many reasons a company or team is going through rough patches. The company might be going through a crunch time, or the team may be near a significant and hard deadline and does not have enough bandwidth to meet the deadline. As a leader, it's the responsibility of a manager to steer through these challenging situations.
Difficult times
In February 2020, nearly all companies in this world were directly or indirectly affected by COVID-19. The aftermath of the pandemic is still present in our lives. It was a difficult time for most companies, as almost every team was affected for a very long time. For some companies, it was extremely difficult as their revenue dropped by more than 80%.
Most engineers, particularly senior engineers, are compensated via company stocks in modern tech companies. We have seen that many tech companies went through a rough patch with a significant drop in their stock prices during the pandemic. We saw recessions during which stock markets tanked. This affected the overall morale of the teams.