141–150 of 596 posts
> 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…
Why do people in HN get so upset that companies hire and fire employees? It sucks as an individual to have to deal with a layoff, but it’s the dynamic of an economy. Optimal growth comes from over and under dampening, not from steady state.
> 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…
Earlier quoted context omitted.
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 do…
> short of giving shares away to laid off employees there isn't much a founder can do is it realistic to ask a company not to hire if they think they're just going to lay people off 12-18 months later or is that too perfect of a science? obviously you don't want to ask companies not to try to grow/be conservative because then we'll have too much unemployment... i think? it's just so "convenient" the timing of all of…
Then candidates might have made different decisions, like "Maybe this job isn't worth relocating my family internationally for."
It's pretty Machiavellian to present the role as otherwise, when HR had strong suspicions it'd be first on the chopping block.
Does a company have to telegraph the nature of the position this? No. Of course not! And it's not even in their best interest to do it.
But does it make them ethically shitty to optimize their offer attractiveness at the expense of people's lives? In my book, yes.
Zoom has become an indispensable source of connection for businesses I haven't been to an online meeting that wasn't MS Teams or Google Meet in three months. Sadly, Slack, Zoom, and other similar nice-to-have corporate tools seem bound to get eaten by the integrated productivity suites.
"Zoomies" Just fucking stop with this already. Quit pretending like your employees are so aligned with the company that some kind of special terminology is needed, or even logical. The recent tech layoffs have clearly demonstrated, again (again, as in we've seen this play out a few times in the 2000's), that employees are basically assets that are scaled up and down as needed, like all the rest of corporate infrastru…
Earlier quoted context omitted.
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?
But 2,000 still seems like a LOT.