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Chronicles

The story behind the story

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How some Zappos employees, now without a formal process for budgeting and raises, are struggling to adapt to Holacracy's lack of structure

A radical experiment at Zappos to end the office workplace as we know it  —  PHOTOGRAPHS BY GREGG SEGAL  —  TONY HSIEH, the CEO of Zappos …

New Republic Roger D. Hodge

Context & Ripple Effects

The severance wave came first: months into Zappos' transition to Holacracy, roughly 14% of employees accepted buyouts rather than work under the manager-free system, as covered in earlier reporting on the 14% who accepted severance and an inside look at how the manager-free structure actually operates day to day.

This piece adds a concrete friction point to that arc: with no managers, there is also no formal process for budgeting or raises, so compensation decisions lose their anchor. It lands a year before GitHub's own reckoning with bossless structure — GitHub later said it scrapped its bossless setup because it hindered execution at scale — making Zappos' experiment a test case the industry was already watching.

First-order effects

  • Employees who stayed through the severance round now have to self-advocate for pay in circles instead of negotiating with a manager, and those without the skills or standing to do so fall behind on raises.
  • Tony Hsieh's leadership team inherits a retention problem it partially paid to create: the same transition that triggered 14% departures is now generating ongoing dissatisfaction among the remaining workforce.

Second-order effects

  • Recruiting against Amazon-era Zappos gets harder if word spreads internally that compensation has no clear path — the cost of Holacracy shows up not in headcount cuts but in which employees choose to leave next.
  • GitHub's experience looms as a cautionary benchmark: if Zappos cannot solve pay and budgeting without managers, other companies weighing flat structures get evidence that the model strains exactly where money changes hands.

Third-order effects

  • If the pattern holds across Zappos and GitHub, the structural lesson is that self-management experiments survive cultural buy-in but break down on formal resource-allocation mechanisms — suggesting future versions will need hybrid structures that keep peer-based governance while restoring explicit pay processes.

The trend: Bossless corporate structures are colliding with the unglamorous mechanics of pay and budgets, pushing companies toward hybrids that keep flat governance but reinstate managerial functions.