Homepage / Technology / What Silicon Valley can learn from Uber's rise and fall
Lil Nas X calls out the BET Awards in his new single He has a point : NPR Most readily useful Adult Internet Dating Sites | FreeHookupsSites Unlocking the secrets of craigslist m4m green bay dating Just what comes in 66 sizes and vegan latex? Brand new generation of condoms | Sex | 8 Brands & Generics Human Growth Hormone HGH Injections Find local black hookups near you what’s ssbbw chat? About Japanese Dating society and also the west Guy who would like to Date a Japanese woman – MeetKing Blog 9 Guidelines On How To Hook-up On College Gameday (At Any College) Leading Live Casino Games Provider Leading Live Casino Games Provider Pin Up Slotlarýyla Eðlence ve Para Kazanma Bir Arada The core concept of digital entertainment hub AbeBet: signature points and groups Live-сессии с дилерами в онлайн-казино azino777 How Online Gambling Enterprises Operate Around the World Meet compatible single mothers and exchange ideas official site Play airplane online Ritalin: Jak legálně zakoupit bez receptu v České republice Connect with suitable asian singles in your area How-to Date A Pornstar While Making It Operate (The Ultimate Guide) Buy Bitcoin with Credit Card or Debit Card Instantly Buy Bitcoin How to buy BTC Finding trans girls near you – the simplest way to hookup Connect with like-minded singles on a mennonite dating website Assortment of in-demand games respected casino platform abe bet casino in cyberspace Connect with girls from round the world Alexander Gambling establishment: Dйcouvrez une Nouvelle Expйrience de Jeu en Ligne Le meilleur Extra casino en ligne pour jouer BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING The simplest way to get a local hookup what’s millionairess dating? Get prepared to connect to latinas whom share your interests Estonian Chat place – an ideal Place for Dating Estonian Singles Join our bisexual chat room now and commence connecting Discover the advantages of dating a mature mom latina How to discover the best bbw hookup app for you Title: Juega en 1Win Casino Argentina Bonos y Apuestas 5 Best BBW Lesbian Dating Apps/Sites In 2022 Online Gambling Review submissions dia govt.nz Разыгрываемые джекпоты в виртуальном клубе Вулкан казино 30 Of The Greatest Adult Sex Toys For Males | Men’s Room Health Mag Australian Continent Cazino 7 slots cyberspace: conditions and rules for betting with real cash 1Win: ¡el mejor lugar de casino y apuestas deportivas de Argentina! Aufcasino ????Mature Dating Evaluation 2023 – Whatever You Need To Know About It! ???? Take the first step towards fulfilling your ebony lesbian bbw match now Ideas on how to come-out: Tips to keep in mind > Taimi Meet your perfect match – granny hookup site Türkiye-Çin İşbirliği Derinleşiyor GuGi Mobil Yükleme Seçenekleri Hizmet İçi Eğitim Sona Erdi Dooball tv ดูบอล ออนไลน์ สด 66 ลิงค์ บนมือถือ ฟรี ภาพชัด HD ทั่วโลก Find your rich cougar date in the most useful dating site Find your dream fat girl hookup today Slot Thailand Daftar Link Situs Slot Gacor Maxwin x500 Terbaru Hari Ini Resmi Auto Jackpot! Konsultasi ke Dewan Pers, Komisi I DPRD Jambi Pertanyakan Indeks Kemerdekaan Pers Jambi yang Turun Akses News Cerita Korban Judol di Balikpapan yang Nekat Gelapkan Uang How to get local horney women in your area 3 Cara Hapus Akun Judi Online Slot : Okezone Economy SITUS TOTO > Sering Kalah Main Di Situs Slot Gacor Terbaru Mudah Maxwin Situs Slot Gacor Maxwin Main Tanpa Pola Modal 5ribu Terbaik Melhores cassinos online de Novembro 2024: Confira o top 10! Enjoy amazing gay sex experiences using the top sites on the web Make the absolute most of one’s big butt dating adventure here 9 circumstances this means when a person avoids eye contact with a lady – Hack Spirit Top Greatest M4M Personals Sites in 2022 ◉ BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Лотерейные розыгрыши в kasino on-line Лев казино: условия осуществления и доступа Main features of playing in machines at online-club Karavan Connect with like-minded females making new friends Comment accéder à des jeux gratuits avec Space fortuna bonus ? PUCUK4D⭐ Bandar Toto Togel Online & Situs Toto 4d Terpercaya #1 Betting site Karavan bet Gates of Olympus internet-based: benefits of playing for real money Discover an environment of opportunities with lesbian and bisexual dating Aprovecha Los Códigos Promocionales De Bbrbet ¡más Bonos, Más Juegos 1xbet Giriş Yeni Adresi 2024 ⭐️ 1xbahis Güncel Adres » 1x Guess Mobil Casino How to get started with sext room BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING La Application De Bbrbet: Juegos Y Apuestas Approach Alcance De Tu Man Start your love story now – join our talk to gay strangers source today BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Find regional bbw hookups inside area BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Mobile Casinos: The Ultimate Guide When to Take Cranberry Tablets: Morning or Evening? Online Slots Best Payout: A Comprehensive Overview for Gamblers No Download Casinos: The Ultimate Guide to Instant Play Video Gaming The Carnivore Diet Plan: A Comprehensive Guide to a Questionable Eating Plan

Technology

What Silicon Valley can learn from Uber's rise and fall

It’s common knowledge that Uber, once touted as the company behind the future of transit, has had a highly publicized fall from grace over the last few months.

In April, the company reported losses of $2.8 billion and has seen senior executives leave the company amid claims of sexual harassment and ongoing lawsuits, according to Bloomberg.

Since June, the ride-sharing app has been seeking a new CEO to revamp the company after co-founder and former CEO Travis Kalanick stepped down due to pressure from investors.

Marsha Ershaghi, head of compliance and corporate culture at LRN, a firm that helps businesses build ethical cultures and has partnered with companies like Kodak, Dell and Ford, tells CNBC Make It that Uber’s toxic company culture stems from one main issue: a lack of oversight from company leaders.

Notably, Uber is currently going through a cultural shift and listening to what employees want, a company spokeswoman tells CNBC Make It.

But the ride-hailing app’s past struggles highlight why tech companies should address toxic company culture right away. Here’s what else Silicon Valley can learn from Uber’s tumultuous experience:

Toxic cultures are often bred within isolated parts of an organization, says Ershaghi. “Companies are not necessarily toxic as a whole but have micro segments of toxicity,” she says.

In Uber’s case, she says the company’s cultural toxicity permeated the entire organization because it came from the top down and was allowed to spread unchecked.

For instance, Ershaghi points to a bizarre 2013 email that Uber’s ousted CEO wrote to his employees. The letter, which starts with “you better read this or I’ll kick your –s,” served as a guideline for employees who were headed to Miami to celebrate the company’s success, according to ReCode, which published the email in its entirety.

“The mere fact that [Kalanick] felt that he had the right to speak so rawly and openly like that shows what type of company culture they had,” Ershaghi says.

Ershaghi partly blames the widespread culture on Uber’s board of directors and shareholders. A company’s most senior leaders should not allow inappropriate professional behavior. Instead, they must hold the CEO accountable, she says.

Although Uber’s “bro-culture” and sexism had reportedly been known internally for years, it wasn’t until former engineer Susan Fowler blasted the company in a 2017 blog post that others started to speak up. The news prompted Kalanick to order an “urgent investigation.”

Ershaghi says that employees often refrain from reporting wrongdoing in the workplace due to fear of retaliation, especially if they see that their company has a lack of respect for its workers and puts business profits over its employees.

However, organizations have a “duty to provide platforms for employees to report misconduct,” says Ershaghi. Companies can provide this service through an anonymous hotline but employees usually prefer reporting misconduct to direct supervisors, she says.

This means that a company must encourage employees to point out improper behavior and make it known that workers will be protected if they do speak out, says Ershaghi.

Ershaghi says that Uber’s rapid growth created the perfect storm for a toxic company culture, which should prompt other tech companies to take note.

Ariana Huffington, who joined Uber’s board in 2016, admits that the start-up’s rapid expansion has been part of Uber’s problem as structures and processes failed to keep pace.

Ershaghi points out that this is common in the tech space: The industry is built on the backs of ideas and venture funding. This results in tech companies with little to no regulation because investors want “free-spirited innovation” and “rapid growth,” Ershaghi says.

She suggests that tech companies create and implement policies, or a code of conduct, to dictate behaviors from employees at all levels.

Change begins with a company’s investors, shareholders and board members, Ershaghi says. These senior executives must hold those under them accountable for the company’s work culture and “should no longer be sitting on the sidelines.”

For specific teams, she suggests that supervisors practice short, targeted dialogues with their staff to build a culture of trust and open communication lines. At the more senior levels, leaders can be held accountable by receiving pay based on performance incentives.

In June, Uber announced that it hired two women to join the leadership team, showing that it wanted to repair its reputation as a “fratty” workplace.

Apple Music’s Bozoma Saint John was appointed as chief brand officer and is tasked with bringing humanity and an “emotional connection” to the brand, Huffington said at the iCONIC Conference in June. Harvard Business School’s Frances Frei was chosen to oversee strategy and leadership.

Ershaghi says that it’s in a company’s best interest to take an ethical stand as soon as they see a toxic company culture forming. Why? Because in this digital age, employees will expose you.

However, board members and shareholders oftentimes don’t address toxic cultures as long as they are making a profit, which she calls both “short-sighted and short-lived.” Once a company’s reputation is marred, the “money will stop rolling in,” Ershaghi says.

A company that has a reputation of putting profits before workers will have trouble attracting top employees, she explains.

“Just the mere perception that an organization has a history or allowance of a toxic culture can lead to a tank in stock value and an exodus of employees, who will go to competitors,” says Ershaghi. “This is how companies that are quickly built also quickly fall.”

Like this story? Like CNBC Make It on Facebook.

See also:

Meet 5 people who could replace Travis Kalanick as Uber’s next CEO

3 ways Uber CEO Travis Kalanick says he plans to grow as a leader

In ‘Option B,’ Sheryl Sandberg presents meaningful work as an antidote to trauma

Source: Tech CNBC
What Silicon Valley can learn from Uber's rise and fall

Comments are closed.