200 Zappos workers take buyouts after company cuts managers | News
LAS VEGAS (AP) -- Hundreds of employees are leaving the Las Vegas-based Zappos company headquarters as the retailer does away with traditional manager roles.
The Las Vegas Sun reports the company confirmed Tuesday that 210 workers had opted for buyouts, or about 14 percent of its 1,503 employees.
The company has said it is restructuring to a "self-organization" accountability system and "people manager" positions were eliminated April 30.
CEO Tony Hsieh also spoke at the Collision technology conference Tuesday, making reference to Zappos' changing hierarchical structure.
He compared the move to the organic structure of the Internet growing without a central authority.
The company was founded in 1999 in San Francisco and moved to Las Vegas in 2004. It was acquired by Amazon in 2009.