Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Zoom lays off 15% of employees

blog.zoom.us

Post reply on HN
Print view View original

91–100 of 596 posts

Re: Zoom lays off 15% of employees

#91

Post by Kranar »

jonathankoren wrote: post #70
pastor_bob wrote: post #59

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

That would be counterproductive. The fact he made these measures is what made the stock price go up. The goal isn't to just punish someone for the sake of punishing them, the goal is to improve the value of the company, which the CEO just did by taking these steps.

Re: Zoom lays off 15% of employees

#92

Post by jeffwask »

anonymouskimmer wrote: post #54
jeffwask wrote: post #33

Earlier quoted context omitted.

This is one of the layoffs where I go... yeah you really did over hire WTF were you thinking. How do you even effectively onboard that many people as a percentage of existing staff?

I've never worked in customer support, but if they're customer support people wouldn't they just get something like a binder with questions and answers, and some flowcharts?

Back in the long long ago, I worked in a call center and we doubled the staff. It was a lot of of work, training, equipment, leadership, realignment of L2... it was still a lot.

Re: Zoom lays off 15% of employees

#93

Post by anonymouskimmer »

sneak wrote: post #39
gedy wrote: post #15

Given how zoom took over the universe in past 3 years, seems like a serious leadership failing to now have to cut 1300 people.

1300 people is a ton of salary every month. Google Meet is free with G Suite/Workspace/Gmail which everyone already has.

For $1 notes it would be quite a bit more than a ton: https://goodcalculators.com/money-weight-calculator/

> This means that $1,000,000 in $100 bills weighs around 10 kilograms (22.046 pounds). However, if you wanted your million in single dollar bills, that same amount of money would weigh a metric ton (2,204.623 pounds).

Re: Zoom lays off 15% of employees

#94

Post by MuffinFlavored »

ketzo wrote: post #82
MuffinFlavored wrote: post #51

Earlier quoted context omitted.

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

For a company that focuses on enterprise sales as hard as Zoom does, I think a super rough ballpark is that all-in engineering staff are not more than 50% of headcount.

agree, so let’s move the goal post

in an engineering org what’s the ratio of engineers (hands on keyboard) to non engineers? 50-50?

8 hours a day 5 days a week 20 days a month what are 2000 engineers working on related to zoom?

Re: Zoom lays off 15% of employees

#95

Post by pnw »

richardwhiuk wrote: post #26
MuffinFlavored wrote: post #5

> 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…

I'd be hugely surprised if they had more than 40% engineering.

From LinkedIn Insights:

Sales 21% Engineering 18% Other 12% IT 10% Support 5% PM 3%

The rest is split between finance, BD, education and admin roles. This seems pretty typical for a public company with lots of compliance and red tape.

Highest growth areas in the last year are admin, operations, PM and engineering.

Re: Zoom lays off 15% of employees

#96

Post by ren_engineer »

haswell wrote: post #8

> 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…

short of giving shares away to laid off employees there isn't much a founder can do, majority of their net worth is equity. Even for the CEOs their income is mostly tied to stock performance. If the CEO was much worse than the average tech CEO the board would fire them

the biggest reason these companies are getting flak is due to pretending they weren't like other industry "soulless corporations". People naturally don't like hypocrisy, you can't LARP like your employees are family to squeeze productivity out of them and then drop them at the slightest downturn in profit.

the social contract has been broken for the worse between employees and companies, people just need to act accordingly

Re: Zoom lays off 15% of employees

#97

Post by alchemist1e9 »

ActionHank wrote: post #13
MuffinFlavored wrote: post #5

> 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.

Totally agree. Would be fascinating to see some breakdown by job title of those 6700 employees.

Re: Zoom lays off 15% of employees

#98

Post by trynewideas »

a Lattician, a Flexporter, a Scalien, a Relativian, a Plaid, a Swyftxer, an Elastician, a Krakenite, a Dragon, an Asana, a Wistian, a Nuron, a Bird, a Twilion, a Pitcher, an Olivian, a Snyker, a Panda, an Astronaut, a Superhuman, a VTEXer, a Klarnaut, a Lacer, a Mozillian, a Paddler, an Oyster, a SoundHounder, a Vimean, a Zoopligan, a Motive, a Stasher, a Plerker, a Lokaliser, a Courserian, a Udacian, a Racker, a Gitpodder, a Dutonian, a Googler, a HubSpotter, a Workmate, a Splunker, and a Zoomie walk into a bar
Post reply on HN