1
00:00:00,000 --> 00:00:02,120
Well, actually, in this case, I can actually tell the company.

2
00:00:02,120 --> 00:00:03,280
It can tell you what happened.

3
00:00:03,280 --> 00:00:05,960
And I can tell you what was so gratifying about it.

4
00:00:05,960 --> 00:00:08,760
So it was PayPal.

5
00:00:08,760 --> 00:00:11,360
I'm going to say like 2009 or 10.

6
00:00:11,360 --> 00:00:13,600
So what happened at PayPal then was

7
00:00:13,600 --> 00:00:17,080
there was this horrible financial crisis that

8
00:00:17,080 --> 00:00:21,760
resulted in a bunch of layoffs in 2008 across all industries.

9
00:00:21,760 --> 00:00:24,800
And it sort of bled over into 2009.

10
00:00:24,800 --> 00:00:26,420
And then as a result of that, what

11
00:00:26,420 --> 00:00:28,000
started to happen as things started

12
00:00:28,000 --> 00:00:30,760
to pick up over the course of a year or two

13
00:00:30,760 --> 00:00:34,240
is that PayPal was losing a lot of people to competitors.

14
00:00:34,240 --> 00:00:36,240
So people were job hopping.

15
00:00:36,240 --> 00:00:38,480
And teams were just getting decimated.

16
00:00:38,480 --> 00:00:44,560
And my boss basically challenged me and said,

17
00:00:44,560 --> 00:00:47,520
I need you to come up with some type of retention goal.

18
00:00:47,520 --> 00:00:50,120
And I'm like, what are you talking about?

19
00:00:50,120 --> 00:00:53,920
And so I did a lot of research, talked to some people I trusted,

20
00:00:53,920 --> 00:00:58,160
had a good group of people who I could ask about.

