April Koh is the youngest woman running a multibillion-dollar startup.
@thisisinsider talked to 31 people close to the company, including former and current employees. Insiders say Koh’s inexperience and some missteps led employees to quit. 👇
They recall Koh in small-group meetings disparaging employees who quit; lashing out at a staffer privately for creating a lackluster booth at a client's office during onboarding; and dressing down a recruiter before dismissing her in the office.
One of the company’s stated values is "move fast." The takeaway, said a former employee, was that a failure to move fast was "jeopardizing" their customers' mental health.
Meanwhile, employees clocked 60 to 70 hours a week.
Tensions were mounting by summer as people started returning to the office, sources said. Numerous employees said turnover started to get brought up in the company-wide "all-hands" meetings.
To be sure, burnout isn't a danger specific to Spring Health, or even to startups. Many more companies have wrestled with turnover through the "Great Resignation," the pandemic-era trend of employees leaving their jobs.
But former employees of Spring Health said it took departures for Koh to create meaningful change.
In August, the executive team introduced initiatives meant to reduce burnout, according to memos seen by Insider. And in October, Koh owned up to burnout.
Big investors and the largest US banks legitimized areas of finance this year that, until just recently, were considered the Wild West. Presented by @AlightSolutions
Major wealth managers Wells Fargo and Morgan Stanley started offering rich clients exposure to cryptocurrency, and JPMorgan made some crypto funds available to retail wealth management clients.
Banks and brokerages were also forced to contend with the rise of the meme stock, defined by unusually bullish trading in companies that have been tagged as buys on Reddit forum WallStreetBets.
Got milk? For the past 50 years, Americans have been drinking milk less and less. Dairy farms are disappearing, and some farmers have ditched cows altogether.
How did we get here, and is this the end of the line for milk? 👇
Around 150 years ago, drinking milk was often dangerous. It was teeming with bacteria and quick to turn sour.
The invention of pasteurization and discovery of milk's nutritional value impacted its popularity, and demand surged during World War I. businessinsider.com/rise-and-fall-…
After World War I, farmers were left with massive surpluses and little demand for milk.
So the USDA started "milk for health" campaigns, which promoted milk as the solution to undernourishment in children.
In America, "antiwork" looks similar to youth-led movements against work in other countries, especially China, where young people are "lying flat" by decentering a drive to constantly be more productive and competitive at work.
To save more, Weir knew that she needed to make a budget and stick to it. She made a point to live intentionally and within her means in order to increase the amount of money she had free for debt payoff.
The majority of the companies the investors chose were in the consumer goods space.
Tried-and-true alcohol and cosmetics companies reign supreme, though some celebs are starting to back less conventional companies, like sex tech brand @getmaude.
For the 2021 edition, Insider has introduced several new sectors after more than a year of global social and economic disruption, including sustainability and diversity, equity and inclusion.
Meet some of the transformers changing these industries below.