Execs are no doubt panicking because the infinite growth they've promised as a result of their 2020 finances is starting to look unlikely and they need excuses to cut down on employees
fuck infinite growth
Yup, RTO policies are basically just to reduce headcount without the headlines being "zoom lays off 30% of it's workforce"
i genuinely dont see who thought that would be worse than 'zoom has no faith in own product, tells staff to come to office so dont need to use it'
every company at stages goes through layoffs and its always a bad few days of news but shareholders can be placated. what scares them off is a company saying their product is shit
I don't think zoom has ever pretended to be a proponent of remote work, they just cashed in on the opportunity. I might be wrong though. But this is definitely just to reduce headcount.
Execs are no doubt panicking because the infinite growth they've promised as a result of their 2020 finances is starting to look unlikely and they need excuses to cut down on employees
fuck infinite growth
Yup, RTO policies are basically just to reduce headcount without the headlines being "zoom lays off 30% of it's workforce"
i genuinely dont see who thought that would be worse than 'zoom has no faith in own product, tells staff to come to office so dont need to use it'
every company at stages goes through layoffs and its always a bad few days of news but shareholders can be placated. what scares them off is a company saying their product is shit
I don't think zoom has ever pretended to be a proponent of remote work, they just cashed in on the opportunity. I might be wrong though. But this is definitely just to reduce headcount.