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
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.
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.
