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Binance refutes sanctions violation layoff allegations

Fortune reported Binance fired compliance staff over Iran sanctions violations. The report claimed $1 billion in USDT linked to Iran flowed through Binance. Binance co-CEO Richard Teng publicly denied these allegations. The company stated its internal review found no sanctions violations. Binance neither confirmed nor denied general layoffs but clarified they are unrelated to sanctions.

https://incrypted.com/en/binance-has-denied-rumors-of-staff-layoffs-and-sanctions-violations-involving-iran/


I doubt David C would ever lead like this.

I saw this post earlier and thought it was worth to share here. When Nintendo faced disappointing sales during the Wii U era, the company’s leadership made an unusual decision.
Instead of reducing staff, then, president Satoru Iwata voluntarily cut his own salary, and other executives also accepted pay reductions.
The move was meant to protect employees, maintain morale, and preserve the creative culture that Nintendo believed was essential for long-term success. It became a widely discussed example of leadership taking responsibility during difficult financial periods rather than passing the burden directly onto workers.


Here's looking at you ecomm...

Nothing will ki-l a great employee faster than watching you tolerate a bad one. – Perry Belcher
Bad managers don’t listen to their employees because it makes them feel insecure when they find that employees are smarter than themselves. – Anonymous
A bad leader can take a good staff and destroy it, causing the best employees to flee and the remainder to lose all motivation. – Anonymous
People don’t leave bad jobs; they leave bad bosses. – Anonymous
Failing organizations are usually over-managed and under-led. – Stephen Covey


Paramount Back in the Talk: https://variety.com/2026/biz/news/warner-bros-discovery-paramount-skydance-board-bid-netflix-1236664163/?fbclid=IwdG

https://variety.com/2026/biz/news/warner-bros-discovery-paramount-skydance-board-bid-netflix-1236664163/?fbclid=IwdGRjcAQAELpleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEedi07M5OTw_-C4AkreI9eONQXAhDT4y1e1dgY62kHS4qi-9-PloLepzKypjE_aem_9SNa7lxdHAvM5wtMgTJPTA


What’s the most ridiculous micromanagement moment you’ve ever had?

My boss micromanages so badly that I’m torn between begging him to let me do my job or laughing when he confidently (and wrongly) corrects things he has no clue about. He slows everything down and still acts like he’s right. Please tell me this isn’t just me.


Leadership shouldn't be allowed to behave like this

It’s by far the worst experience I’ve had in my professional life. I’m in CWP, leadership is ineffectual, they do absolutely nothing but the bare minimum, just enough to keep their job. They won’t care about their teams, they don’t care about doing what’s right for the members , they just do the bare minimum to keep their job. It’s atrocious and shocking for a company of this size to allow leaders to behave the way they do, I don’t even feel like I have a manager or any sort of support system. I cannot wait to quit this nightmare of a company, The really sad part is I’m one of the few people that other job, follow the rules and the people that do whatever they want aren’t held accountable. It’s only a matter of time before a member takes legal action due to the irresponsibility of most of the staff.

Bumping from @2hr+1kd1d6bb6, well stated.


Very nervous

Only about one more month until CS moves to china. I work in APLA and writing is on the wall that we will be dissolved as a geo as of fy 2027. CS HAS BEEN the steady ship we've needed and has made apla an incredible place to work, I'm very excited for her but nervous for this change. Anyone have any info?


Socializing after work

I wish skipping happy hour didn't make people think you're not a team player. I like my coworkers fine, but my evenings are for my actual life. There's this unspoken expectation to always be around. Is this just my team and my manager? Because I'm getting really tired of it and I wouldn't mind transferring to get away from it.


If your manager says these words you have a keeper

From my experience Chevron has NO keepers by the definition shared at the link below.

If you disagree please speak up and advise me on where to find a "keeper " among the cesspool of self serving supervision/ managers we are blessed with.

https://www.linkedin.com/posts/jwmba_when-your-manager-says-this-youve-got-a-share-7428287024773636096-rO6r?utm_source=share&utm_medium=member_android&rcm=ACoAAAn-ZlAB68ih04bqOWRtU6SN072zGx8h3RY


Serious Question - how are their so many legacy people here?

I’m about 9 months into HCSC. I heard mixed reviews about the organization before I joined. My immediate team is friendly and professional, but it seems the company as a whole is dysfunctional. There is no accountability and no one really knows who does what. I heard before that HCSC routinely hires from outside of the health insurance industry because they can’t attract and retain specialized talent. It appears to me to be the case. It seems like there are a lot of people who have been here for many many years and lots of churn with newer talent.

Serious question—- why do people stay for so long? Doesn’t the dysfunction and lack of leadership get to you? It seems to be to a culture of complacency and sticking to a false narrative than actually trying to run an excellent business.


The Need to Evolve the Employee Performance Monitoring System

In high-trust societies, people assume good intent. Information flows freely. Collaboration feels natural. In low-trust systems, the opposite happens: people protect themselves first. Energy shifts from building to guarding.

Consider modern Russia. Decades of opacity and centralized control have cultivated widespread skepticism toward institutions. Citizens often rely on private networks rather than public systems. Information is filtered. Incentives are distorted. When trust erodes, talent adapts by becoming cautious, political, and self-protective.

Our corporate environment shows similar warning signs. Competitive ranking systems pit colleagues against each other. Information becomes currency. Feedback is filtered for safety rather than truth. Instead of asking, “How do we win together?” people ask, “How do I avoid losing?” Innovation slows because risk feels dangerous. Collaboration weakens because vulnerability feels unsafe.

Over time, this trajectory leads to silos, quiet disengagement, and eventually mediocrity. High performers optimize for optics. Emerging leaders learn to manage perception instead of outcomes. Trust, once depleted, is expensive to rebuild.

If we continue reinforcing internal competition over shared success, we shouldn’t be surprised when initiative declines and politics rise (and one may say that we are already there). But the reverse is also true: when trust increases, performance compounds.

The future of our company will not be determined by strategy alone, but by whether we choose fear-based competition or trust-based collaboration. We sit in a moment when the system to identify future Management is hindering the ability to run the organization. Perhaps its time to not burden the majority of the organization with PDS classifications and let them operate with a stable performance reward system. No system is great but we sit in a time of history where a credible change is necessary.


22 Year Directv employee and still upset at poor treament after layoff in Boise ID

As a fomer employee i feel like the DIRECTV is lying to employyes and customers. As a 22 year employee, I helped develop new talent and hung around until June 2025. I loved my job and my boise team, but I have to say as I tried to find issues to surface about poor customer experience it all.came back to the Philippines that took my Job. Im glad I was about to find a new opertunity with a great culture that brought back jobs from the Phillipines. Bill morrow and AT&T sure fu---d up DIRECTV to the point of no return. Im glad I'm out and know the ship will continue to since as boomers die off.


Mental strength and toughness

How are you all so mentally strong to take the continuous layoffs, relocate states for RTO and adapt to so many life changes?

It totally amazes me what T employees go through every day and still try to put everything aside and focus on work.

I lost 3 colleagues today and sick to stomach returning to ghosted work location.

May be I am getting too old for this, but ever since I joined T, I have seen people in my team go every year.


CXO leadership summit ?????

So… saw the big LinkedIn splash about the CXO Leadership Summit.

Thought we were tightening spend on these things? Especially while we’re laying people off and talking about cost discipline.

Genuine question —
• What was the actual outcome of this summit?
• How much did we spend hosting hundreds of “leaders”?
• What measurable business value came out of it?

Feels a bit tone-deaf when teams are being asked to do more with less.

Would be good to see some transparency and accountability here.