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June 18, 2018

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Internal Memo: Zappos offering severance to employees who reject Holacracy

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L.E. Baskow

Tony Hsieh toasts a few marshmallows with friends around the campfire at the Airstream Village on Wednesday, January 28, 2015.

On March 24, Zappos CEO Tony Hsieh shared with employees a companywide memo stating that it would more aggressively pursue self-organization and is offering employees severance to quit, giving them until April 30 to opt in or out. Hsieh tells Quartz that “the offer” is a longstanding Zappos practice that gives employees the “freedom of choice” to align with major changes.

Zappos, the online shoe retailer owned by Amazon, is in the process of adopting a new management structure called Holacracy, a tool designed for companies to become self-organizing.

Read the full story here.

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