A Sign That Things Are Go­ing South

The HR Digest - - HR Drift -

Com­pa­nies to­day are go­ing by the ‘bleed now, make money later’ busi­ness model like Ama­zon.com did. What’s shock­ing is that some of these com­pa­nies have bled more money in a year than Ama­zon.com ever did in its his­tory. Take a look at Uber, while it’s not strug­gling to at­tract VC fund­ing, it cer­tainly is at a point where it may not be able to make a profit un­less it stops pay­ing the driv­ers.

Just in past one month, the up­per man­age­ment at Uber that left are VP of prod­uct and growth, SVP of en­gi­neer­ing, AI Labs di­rec­tor, self­driv­ing di­rec­tor, VP of maps, and the pres­i­dent him­self. Some of us may have ex­pe­ri­enced it dur­ing the 2000-2001 crash.

Then again, just be­cause some ex­ec­u­tives have bailed doesn’t mean things are go­ing south. It could also mean that all the bad guys have left, and now it may be time for you to move up. How­ever, if its lead­ers you ad­mire who are leav­ing, it’s a clear sig­nal that the best peo­ple are in­deed, jump­ing ship.

In re­cent weeks, Uber CEO Travis Kalan­ick has faced in­tense scru­tiny for his role in fos­ter­ing a com­bat­ive in­ter­nal cul­ture. Many have blamed him for not prop­erly deal­ing with the com­pany’s hu­man re­sources is­sues. Things are so bad that techies at Uber have taken to post­ing on Blind, an app where one can anony­mously share griev­ances.

In March 2017, some­one who gave them­selves the ti­tle of “Hrin­ter­nal” posted that over 118 em­ploy­ees have re­signed fol­low­ing a kafka-

es­que meet­ing. The post has since been re­moved, and it’s un­cer­tain whether it was some­one trolling. The app has more than 1,000 Uber em­ploy­ees out of 11,000 Uber em­ploy­ees.

Re­cruiters and ri­val com­pa­nies have re­ported an in­crease in job ap­pli­ca­tions from Uber em­ploy­ees in re­cent weeks. Many of these ap­pli­cants are say­ing that have lost faith in the com­pany’s lead­er­ship. Let’s hope Uber fi­nally man­ages to fun­da­men­tally change its in­ter­nal cul­ture for good.

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