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210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

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311–320 of 327 posts

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#311

Are warehouse workers considered to be 'Zappos employees'? Will they also be managing themselves?

In one of the many articles on the plight of (specifically) Amazon workers, I read that they are employed by contractors, and that the penalty for normal little things like being late because of a kid or car emergency, things we don't even think about, is termination from the contractor. And thus does Amazon (and similar companies) insulate themselves from such policies.

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#312

Earlier quoted context omitted.

The death of pensions really did it. My wife and I each stumbled upon positions with a pension, and it seems as if the roller-coaster just stopped. We had no "loyalty" and moved around whenever the mood struck us, but now we look at the risk/reward of a more exciting job vs 25 years of stability and a secure retirement... it's not a hard decision to make.

Just be careful. I used to work at Nortel in Canada which at one point had over 90k employees. When I worked there, I believe they were making $18 billion a year in revenue. Profits appeared to be good. A few years later it turned out the "good profits" were actually accounting fraud. The company tanked and everyone lost their job. But Nortel had a fairly good pension system, so the people who had worked there for 25…

Listen to this guy. I'd much rather get a big 401k match and have the money be mine than trust that my pension will be there based on the whims of the company and market.

Look at the airline industry. Plenty of pensions have been restructured during the string of bankruptcies. Pensions are guaranteed by a federal body, but only up to ~$50K/yr I believe. You'll never get less than that, but you $100K/yr pension might get cut in half and the gov't will say "that's the best we can do".

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#313

Earlier quoted context omitted.

I'm surprised the number of people taking the deal isn't higher. If I need religious zeal, I'll go join a religion.

There are reasons to stay besides religious zeal, too. I'm not certain how one can easily see this change as seriously threatening unless you're somewhere in the middle of the org chart. If you're at the bottom, hey, your day probably won't change that much (unless you hate your boss). If you're at the top, well, I've yet to hear that Mr. Hsieh is planning to abdicate.

Or perhaps you've experienced the Zappos culture first hand, and, for whatever reason, don't think that this is a good idea.

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#314
post #301

Earlier quoted context omitted.

It's a great place to work. There, you can no longer say "you never heard it's a great place to work". Sample size of 1, but I love it.

That brings the total count of satisfied workers I have heard from to 2.

My spouse worked there, a couple of steps down from Jeff Bezos. At least parts of Amazon are micro-managed misery.

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#315
post #182

Earlier quoted context omitted.

"Just say no to drugs" - simple terms. Is it a valid social policy given other ways to reduce drug use? "From each according to his ability, to each according to his need". Simple terms. Does it lead to a workable political system? "Three-strikes law". Simple idea. Does it lead to good social policy? "Zero tolerance." Another simple idea. Does it lead to good social policy? "White man's burden." Does it justify the A…

A therefore B does not mean not A therefore not B

My point was that "A therefore B" isn't useful if the noise level is so high that it can't be used to make a meaningful decision.

Otherwise the advice reduces to "don't trust long explanations". But if 1% of long explanations are valid and 2% of short ones are valid, then the statement is both true, and worthless as a way to detect validity.

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#316
post #298
post #182

Earlier quoted context omitted.

"Just say no to drugs" - simple terms. Is it a valid social policy given other ways to reduce drug use? "From each according to his ability, to each according to his need". Simple terms. Does it lead to a workable political system? "Three-strikes law". Simple idea. Does it lead to good social policy? "Zero tolerance." Another simple idea. Does it lead to good social policy? "White man's burden." Does it justify the A…

Gersham's law is actually fairly valid, as well as being simple. The difference is that it isn't a statement of intent, it's a description of an inevitability.

I wanted to include more examples of short and fairly valid sayings for politics and economics. It was the only one I came up with.

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#317

Earlier quoted context omitted.

How many people get a three month, paid vacation at any point in their life?

It's not a vacation if you don't have a job to come back to. I'd relax that first week, but then I would need to start job hunting. And this thought that "you can always find a new job" quickly might turn out to stop being true tomorrow, or not be true for your exact specialty or geographic location. (Especially if 210 other employees hit the job market the same time as you.)

Letting fear rule your life makes for no fun.

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#318
post #118

Earlier quoted context omitted.

Are you speaking from experience? It seems that if you completely do away with job titles, the politics would go away right?

Yes, I am speaking from experience directly with a holocratic organization.

Thanks for replying, I was genuinely curious.

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#319
post #303
post #205

Earlier quoted context omitted.

You absolutely can make 400k or more by working as a developer in finance. I work in finance and have made more than that some years at my previous job.

Hey I appreciate the input. I'm actually EXTREMELY interested in finance so I'd love to know more about it. Do developers in finance require any unique skills? Also is there anything special one would have to do to break into the finance industry?

I guess analytical skills, math probably, but these are pretty general. What unique skills are you thinking about?

Re: 210 Zappos employees – 14% of the staff – take buyouts after CEO ultimatum

#320
post #303

Earlier quoted context omitted.

Hey I appreciate the input. I'm actually EXTREMELY interested in finance so I'd love to know more about it. Do developers in finance require any unique skills? Also is there anything special one would have to do to break into the finance industry?

I guess analytical skills, math probably, but these are pretty general. What unique skills are you thinking about?

I don't have the slightest idea since I don't work there. I was more wondering if there was anything I would need to know before applying specific to the industry or if it's just like any other software engineering job.
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