|
In one of the best CEO moves of all time, Bumble's CEO Whitney Wolfe Herd gave her entire staff of 700 employees a week of paid-time off to recharge. The dating app has shut down its entire office this week "as a way to thank our team for their hard work and resilience." The initiative also extends to Badoo, an international dating app owned by Bumble. (Seriously tho in the land of 2-weeks vacation per year, we need more firms doing this)
Earlier this year, Whitney Wolfe became the youngest woman, at 31, to take a company public in the US. She rang the Nasdaq bell with her 18-month old baby son on her hip, and in her speech she said she wanted to make the internet "a kinder, more accountable place". Bumble's Austin, TX office is a sight to watch; it's filled with encouraging slogans such as "shine bright like a diamond," and also has a "Mommy Bar," where employees can get manicures, haircuts and blowouts, as a show of appreciation for their "busy bees." They also don't work the classic 9-5. Employees can choose the hours they want, as long as the work gets done. (@Bumble y'all hiring?)
Short Squeez Takeaway: Bumble's employee appreciation week is a timely move as employees everywhere suffer from pandemic burnout. It's also in stark contrast to the 95 hour work weeks employees at Goldman Sachs reported to be working earlier this year (without any appreciation or mercy). While many banks gave pay raises and other perks like Pelotons to employees, Goldman Sachs apparently gave its analysts a goodwill fruit basket. (lmfao)
|
