New Delhi, April 3 -- "If you call someone 'family,' then treat them like family," a Bengaluru-based CEO lived up to this statement. OKCredit CEO and founder Harsh Pokharna fired 70 employees due to budget constraints but also helped them find jobs. Pokharna took to LinkedIn to share the story of how he handled the process -- which has widely impressed the internet. In a detailed post, the CEO exemplified how "it was one of the hardest things he has ever done."

"18 months ago, we laid off 70 people. Here's how it went: We were burning too much. Hired too fast. It was our mistake. And we owned it. It was one of the hardest things I've done as a founder. But we tried to do it the right way," he wrote.

He asserted that the employees were i...