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IPFS News Link • Employee and Employer Relations

210 Zappos employees -- 14% of the staff -- take buyouts...

• http://www.businessinsider.com, RICHARD FELONI

Zappos, the Amazon-owned online retailer, confirmed with the Las Vegas Sun that 210 of its 1,503 employees — nearly 14% of the company — took a buyout deal after CEO Tony Hsieh announced the company was completely ridding itself of manager roles and job titles.

The company, well known for its experiments involving corporate culture, has been transitioning to a self-management organizational structure known as Holacracy since the beginning of 2013. Entering this year, about 85% of the company had made the transition.

Hsieh sent a nearly 5,000-word company-wide memo in late March that explained that any employee who was not satisfied with the transformation by April 30 could leave with three months' severance. The memo was leaked by Quartz and later published by Zappos on its Insights blog.


 


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