I really dislike the trend of calling employees by some nickname. "Googler" may have been cute back in the day. Zoomies is pure cringe.
Zoom lays off 15% of employees
11–20 of 596 posts
Re: Zoom lays off 15% of employees
#12> As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today– and I want to show accountability not just in words but in my own actions. To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus. Members of my executive leadership team will reduce their base salaries by 20% for the coming fiscal year while also forfeiting their…
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Re: Zoom lays off 15% of employees
#13> We have made the tough but necessary decision to reduce our team by approximately 15% and say goodbye to around 1,300 hardworking, talented colleagues. https://www.macrotrends.net/stocks/charts/ZM/zoom-video-comm... Zoom Video Communications total number of employees in 2022 was 6,787, a 53.48% increase from 2021. Zoom Video Communications total number of employees in 2021 was 4,422, a 74.64% increase from 2020. Zo…
This is tragic for those involved, but I really don't understand how there were 6700+ people working on Zoom.
I feel like the CEO should be under review by the board for allowing this to happen and there should be further investigations into how they even arrived at this point because this is just bananas.
Re: Zoom lays off 15% of employees
#14I find the use of infantile terms like 'zoomie' insulting. Please, treat your employees with due respect. You're giving them life-changing news.
Re: Zoom lays off 15% of employees
#15Given how zoom took over the universe in past 3 years, seems like a serious leadership failing to now have to cut 1300 people.
Re: Zoom lays off 15% of employees
#16three billion dollars in revenue last year
This is not about revenue.
Companies are noticing that every time they do a layoff, their stock skyrockets. Decreasing expenses is the icing on the cake.
Re: Zoom lays off 15% of employees
#17Severance: “Up to 16 weeks’ salary” - what does “up to” means exactly?
"Up to" implies a range ;)
Re: Zoom lays off 15% of employees
#18Severance: “Up to 16 weeks’ salary” - what does “up to” means exactly?
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Re: Zoom lays off 15% of employees
#19On a side note.... "Zoomies", really?
Re: Zoom lays off 15% of employees
#20Severance: “Up to 16 weeks’ salary” - what does “up to” means exactly?
It's probably related to employee tenure