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Regardless of how you calculate the valuation this is bad for business. People don't like companies being disingenuous, and not realizing that treating employe
by WhitneyLand 10y ago
Regardless of how you calculate the valuation this is bad for business.
People don't like companies being disingenuous, and not realizing that treating employees fairly is actually an important part of building a healthy company (putting aside it's the right thing to do).
If they really needed to do this then don't play games. Just explain that revenue growth can make or break a company at this stage so we need to take these actions. Just being honest about the realities of business and your choices go a long way.
This week Uber and Instacart have damaged their brand due to nothing other than poor leadership.
- grandalf 10y agoI agree that companies like Uber and Instacart should be doing a lot more to foster employee loyalty. Who knows, maybe the future of these semi-infrastructure businesses is actually as co-ops, with workers earning a stake that can be worth more in the long term. I'd like to see one of these companies create a special class of stock and award one unit for every dollar of business each employee participates in.
- abraae 10y agoI'd guess that none of them want that to happen, and it would only be a new entrant who would ever be so disruptive. I hope you're right though, that could be a truly superior business model. You can't underestimate the power of a radically engaged workforce.
- grandalf 10y agoTrue, I think Uber and Lyft are very unlikely to do it. As a consequence, drivers are extremely disloyal and many have two phones, one running each app and they pick on a ride by ride basis which app to use. I think it's getting easier and easier for a new entrant to disrupt the market by offering a platform that better incentivizes driver loyalty. It's not necessary to force drivers to switch, only to put the new app on one of the phones they are already using.