Zappos CEO Tony Hsieh has stepped down as the leader of the Las Vegas Downtown Project.
The news was first reported by Re/code, which has been running a multi-part series on Hsieh's $350 million initiative to redevelop downtown Las Vegas, located north of the Strip.
Hsieh apparently announced his resignation during a surprise all-hands meeting a few weeks ago. Prior to the news of the leadership shakeup, KNPR reported that the project would lay off 30 percent of its staff, or about 30 people. Hsieh's lawyer, Millie Chou, will take over, Hsieh said at the meeting.
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