Homepage / Technology / What Silicon Valley can learn from Uber's rise and fall
Başkanın ilk icraatı işçi kıyımı olmuştur! 719 7slots kumarhane 90 Business Online Solutions What Is a Board Analysis? The Importance of Planning and Programs Development How Board Governance Software Improves Meetings and Governance How to Craft a Successful Board Meeting Reminder Benefits of a Virtual Data Room for Bankruptcy VDR Example for Business Hong Kong ユースカジノの登録方法を初心者にも分かりやすく図解入りで解説 チェリカジ 5 Как быстро пополнить счет в Казино Х в любой валюте Официальный сайт Up X казино и мгновенные игры Paşa Casino Mobil Uygulama 2025 Giriş Üyelik Bonusu Freespin No Deposit Bonus Casino Free Spins In New Zealand What Are The Best Online Casinos For Real Money Pokies And Bonuses In Australia Дэдди Казино официальный сайт Джойказино: информация про официальный сайт Glory Casino giriş için buraya tıkla ve Türkiyede en popüler casino kullanıcısı ol Les Gambling establishments en Ligne en France 2024 200% Reward + 300 Free Rotates LevelUp Internet casino Melbourne En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi Le meilleur casino en ligne franзais Extra Casino avec le dйpфt minimal le in addition bas Yeni Casino Siteleri ᐈ Çevrimiçi Kumarhaneler Mart 2024 Les gambling establishments en ligne proposent une grande variйtй de jeux de internet casino gratuits. Türkiye’deki Resmi Web Sitesi Google Play, Türkiye’de kumar oyunlarına izin verecek Her Gün Tatil Olsa ORDU’DA PAZARTESİ GÜNÜ FINDIK FİYATI NASIL? كازينو اون لاين الكازينوهات الممتازة على الإنترنت ألعاب الكازينو المباشرة مينا كازينو العر Google Play, Türkiye’de kumar oyunlarına izin verecek Domain Sorgulama & Domain Fýrsatlarý Canlı Casino Siteleri: 2024 Güvenilir Siteler Seçilmiştir Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın 1xbet Türkiye Giriş Empieza Kayıt 202 Kumar Ve Kumarhaneler Hakkında Pek İlginç 21 Bilgi Kumarhane Doğru Yazımı Nedir? Tdk Ile Kumarhane Kelimesinin Doğru Yazılışı! Mobilbahiste En İyi Kumar Bonusları Ve Kazançlar Mobilbahis Giriş Sayfası On Line Casino Siteleri En Iyi Casino Siteleri 2024 Mostbet: Türkiye’de Internet Casino Mostbet Online Slotlar Ve Canlı-casin Pin Up Casino Oyna Türkiye, Pinup’un Sah Web Sites Ifade Haberleri Son Dakika Ifade Hakkında Güncel Haber Ve Bilgiler “önceliğimiz Transferin Önünü Açmak, Görüştüğümüz Yerler Var” On Line Casino Nuh’un Gemisi Deluxe Resort & Spa, Kıbrıs The Benefits of Document Management Bonus Veren Siteler 3 000 Den Fazla Online Oyunu Ücretsiz Oyna En Tehlikeli Kumar Oyunu Ekşi Sözlük Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled

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.