81–90 of 596 posts
Earlier quoted context omitted.
I agree, but it's a lot easier for a Founder CEO with 22% ownership of the company to do. It's completely not comparable to a CEO hired with no initial equity stake. Just for illustration. The 10% stock price jump this message caused just earned him $500+ million
That’s why you clawback the equity as well
Earlier quoted context omitted.
There is no way that 60% are engineers. This kind of scale up is usually in sales and customer support roles, and moderation if applicable.
What's a better guess for all in number related to engineering staff? Engineers, QA (if any), resource managers, product managers to work with engineers to develop new features/ideas, project managers to manage "sprints" or "agile" or "waterfall" or "kanban" or whatever
Insane
> 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…
> 4200 engineers to work on an app that at its core is... video conferencing? Low latency video in general is an extremely hard problem to get right. Video conferencing is that, and more. Is the number of employees likely overinflated? Clearly as they just had layoffs. But let's not pretend the problem space is some super easy thing that can be handled by one engineer in their basement.
i don’t hear any release notes about it getting any faster or better quality
i’m sure they have scaling semi solved now at 300m+ daily users (if that’s true)
Zoom had a use for you during COVID, now they don't: bye-bye. You were used, they got what they needed and now it is time to go. That's how workers are treated and people should understand that. You are not George from Engineering, you are employee #3223 and you cost $x per year. Past maybe 20 - 25 people, you are nothing but a number and quickly after you no longer create more value than you are paid, you are out.
Unlike others cough Facebook cough Google cough, Zoom actually a reason to scale during COVID; they were relatively new, they had crazy demand, and the access to money to do it. Zoom was given a blank check and leadership would've been worse for _not_ taking it.
That happened, now it is waning and it is time to 'right size' (barf) and continue what they were doing before.
Good on him for cutting his own salary and comp even if I don't think he is as dumb as Zuckerberg or others for their company's paper growth.
> 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…
>To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus. What about equity grants?
three billion dollars in revenue last year
> Zoom Video Communications gross profit for the twelve months ending October 31, 2022 was $3.283B, a 15.34% increase year-over-year.
https://www.macrotrends.net/stocks/charts/ZM/zoom-video-comm...