Zappos is known for its quirky culture, and now the online footwear retailer plans to strip all management titles and oust any semblance of a top-down hierarchy, news website Quartz reported.
CEO Tony Hsieh said that the traditional corporate structure will be replaced by Holacracy (a term taken from the Greek word "holon," meaning a whole that is a part of a larger whole).
Zappos will now be a self-governing structure without managers or job titles. It will consist of various circles, within which employees can have different roles. The company will have up to 400 circles by December 2014, when it expects to complete the rollout, according to Quartz.