210 Zappos Employees Take Buyouts After CEO Ultimatum to Embrace Self-Management or Leave

Zappos, the Amazon-owned online retailer, confirmed with the Las Vegas Sun that 210 of its 1,503 employees - nearly 14% of the company - took a buyout deal after CEO Tony Hsieh announced the company was completely ridding itself of manager roles and job titles.

The company, well known for its experiments involving corporate culture, has been transitioning to a self-management organizational structure known as Holacracy since 2013. Entering this year, about 85% of the company had made the transition.