I'm concerned Hsieh decisions show a blatant lack of concern for maintaining a meritocracy. Also it doesn't really seem like Zappos cares about attracting talent. I might even venture to say the decision is driven by the chance to maximize profits. Imagine how much money you save by firing all your manager.
I've worked at companies that stress how important their bullshit "culture" is. It's usually to distract from shitty compensation and rare promotions.
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