Sam Oliver:
Once the darling of Silicon Valley, connected device company Nest — with former Apple exec Tony Fadell at the helm — is being described by some workers as a place where a toxic corporate culture has taken hold.
Uh oh. What happened?
Last month, software glitches forced some owners of the company’s digital thermostat to wake up in the cold as the thermostat rapidly drained its own battery and shut down. Perhaps more worryingly, Nest’s smoke detector faced a safety recall and is now without its tentpole wave-to-silence feature.
This is what happens to fast growing companies that cannot manage the growth. That Apple has not imploded given its recent growth, size, and complexity is remarkable. But Apple growth has stalled.