210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
11–20 of 327 posts
Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
#12> Hsieh sent a nearly 5,000-word company-wide memo... > To get their severance, employees had to be in good standing with the company. They were also asked to indicate by email that they had read the management book "Reinventing Organizations" and disagreed with its manager-free vision or else state that they were not reading it. Crazy. I wonder how many more employees would have left if Zappos was based in a region…
Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
#13I wouldn't be surprised if the average was 10-20% and a vast majority of these people are taking advantage of what they see as a good deal irregardless of their feelings on holacracy as a management style.
Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
#14I suppose I've just had good managers when I've had them, which is of course going to make things work out well for me.
Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
#15Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
#16> Hsieh sent a nearly 5,000-word company-wide memo... > To get their severance, employees had to be in good standing with the company. They were also asked to indicate by email that they had read the management book "Reinventing Organizations" and disagreed with its manager-free vision or else state that they were not reading it. Crazy. I wonder how many more employees would have left if Zappos was based in a region…
Wow, I wish my company would do something like this - middle management is clearly slowing us down and adding very little value right now. I can't wait to read that book.
Be careful what you wish for. A company without management is like a boat without a captain. You might appear to be fine for some time, but eventually you'll be hopelessly adrift at sea.
Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
#17Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
#18I just finished Tony's book "Delivering Happiness". I admire how positive and optimistic he is. And I even agree with forcing self improvement on the employees. But he also stresses running the company like a family aka cult. One of the advantages of moving to Vegas from SF was the employees were forced to spend more time together. He even said Zappos is his tribe. I wonder how these experiments would fare at a large…
Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
#19Thought experiment: ignore the holacracy angle and offer everyone in any company 3-months severance if they quit by a certain date. What percentage would quit? I wouldn't be surprised if the average was 10-20% and a vast majority of these people are taking advantage of what they see as a good deal irregardless of their feelings on holacracy as a management style.
Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum
#20Thought experiment: ignore the holacracy angle and offer everyone in any company 3-months severance if they quit by a certain date. What percentage would quit? I wouldn't be surprised if the average was 10-20% and a vast majority of these people are taking advantage of what they see as a good deal irregardless of their feelings on holacracy as a management style.
Here's an article from 2008.
tl;dr is "If you quit today, we will pay you for the amount of time you’ve worked, plus we will offer you a $1,000 bonus."