In August 2020 I posted about Teladoc’s acquisition of diabetes management company Livongo. My report was fairly neutral. At the end, however, I noted, “both companies’ stocks made it onto the markets’ Biggest Loser list on the day of the merger announcement, with Teladoc down 19% and Livongo off by 11% — the second and fourth biggest losers for the day, respectively.”
The Teladoc stock re-emerged as a Wall Street darling, rebounding to a high stock price of $293 in February 2021. Today, it closed at $29.77.
Well, the entire stock market is down. But not by 90%.
Some analysts (and, implicitly, Teladoc itself) pin Teladoc’s disappointing financials on Livongo — an exodus of Livongo employees (including leaders), disappointing program metrics, and product integration challenges.
I wouldn’t count Teladoc out, and some prominent investors and analysts are optimistic about the company’s future. But in an Axios article, Jim Kramer (sic?) is quoted:
“I’m not saying Livongo is worthless and Glen Tullman [Livongo co-founder] fooled Teladoc. I’m saying Livongo wasn’t worth near as much and Glen Tullman made a good deal.”
When a hiring manager says things like, “I could tell within the first few seconds of the interview…” or “I could tell by the handshake…,” etc., we know they either have not been properly trained on how to hire or simply shouldn’t be in the position of hiring people. Continue reading »
A California bill mandating employers with at least 500 employees to pay overtime for working more than 32 hours a week — essentially creating an incentive for employers to adopt a 4-day workweek — just stalled in the state Legislature.
There’s a lot of talk lately about 4-day workweeks, with big pilot programs taking place in the US, Canada, and the UK. (For info about these pilots, see the links at the end of this article.)
I find the idea of shortened workweeks compelling, though I don’t see anything magical about four-day weeks (imagine a world where people work the number of days it takes to do the job?). And I wish folks would specify whether they’re advocating a reduction of weekly hours at the same pay vs. cramming the usual number of hours into 4 days (i.e. 4 8-hour days vs. 4 10-hour days a week). Continue reading »
The prospect of organizational burnout interventions has finally caught the attention of thought leaders. When reading articles comparing organizational approaches (ill-defined strategies targeting workload, job control, rewards, community, fairness, and values) to individual approaches (like mindfulness and resilience training) I’m reminded of The Who’s classic lyrics:
“Meet the new boss, same as the old boss.”
We’ve gone from the “superstition” of self-help, to paraphrase Jonathan Malesic in his brilliant book The End of Burnout, to the Gospel According to Maslach. Continue reading »