Zoom is cutting about 150 jobs, or close to 2% of its workforce
cnbc.com
Zoom is cutting about 150 jobs, or close to 2% of its workforce::Zoom on Thursday confirmed that it's cutting about 2% of its workforce, becoming the latest tech company to announce layoffs.
Oh hey their return to office demand wasn't about productivity it was a soft layoff like everyone said wow.
How the hell does Zoom have 7500 employees??
7400 are managers
I know some of them/some ex ones. When COVID hit they became a household name where everyone and their grandma knew about them and they thought they would become the next Google. Hired like crazy, employees with old stock grants were millionaires for a while (didn't last) and then the hype died down and everyone realized they could do the same thing for free through one of the various other tech platforms.
So I hop around jobs and only my first job, during the Covid times, used Zoom. All three jobs since then has used Teams.
Alternative headline: Company in death throes tries anything to survive including cutting off own head
What do you expect? Didn't their CEO say work from home is shit, people don't get things done that way, and they all need to be in the office?
This is exactly what I expected. Lay offs and return to work policies are smoke and mirrors for managers trying to steady a sinking ship.
Funny for a company that relies on it's customers working from home.
In other news the CEO of Philip Morris says, “cigarettes are not cool and kill people.”
Even if there was any truth to the benefit of a shared workspace, why would this moron advocate for it? I swear CEOs are acting like the Producers more and more every day.
So the company whose product helped facilitate remote work stock has returned to its pre-pandemic price? Not that surprising. Hardly on its last legs.
Yes the markets love stagnation. I bet the investors who bought during the pandemic are thrilled!
Lay offs must be the start of the journey, right?
150 job cut doesn't really seem newsworthy. This kinda shit happens all the time
Own it’s own maybe not, however in the current tech economy it’s another one to add to the list
I mean baseline layoffs and restructurings don't add to or subtract from what makes the tech trend exceptional.
What makes it exceptional is its delta from the baseline.
Does zoom do a ton more than the meeting app since they have 7500 employees?
VOIP and call center call management systems.
Even with just video conference software you need a lot of employees for the quality zoom has. It handles audio and video very well even in unstable networks. Their backgrounds and blurring has also massively improved in the last couple years.
No not really, even with a couple of hundred employees it would be a lot for that.
Oh yeah! They're constantly adding new features. Latest I've noticed and used is their AI Companion.
Tried it out with one of our managers. We shot the shit for 45-miuntes, got the transcript an hour later.
I was more than a little stunned. It caught all the highlights, mostly ignored the bullshitting talk, and provided a great summation of our meeting. I wouldn't expect a human to have done such a good job. It was kinda eerie.
And like KazuyaDarklight noted, Zoom is our complete phone system. We're not big enough for the call center options, but the integrations are there.
Sucks that there's so many layoffs happening in tech right now that my first reaction was "that's not that bad".
Not just tech. I know GEICO (insurance company) has laid off a few thousand at least. They're also union busting bitches.
capitalist/billionaire/asshole class: "fuck everyone but us...those cogs served their purpose...now we can run the machine without them. We're the only REAL humans on this planet. No one else has feelings or anything. Clearly we need to do this to save us all. Sorry. Not sorry. I also deserve more money now & I can do this whenever I want because there's no consequences from the money I am stealing every single day"