Zoom on Thursday confirmed that it's cutting about 2% of its workforce, becoming the latest tech company to announce layoffs.

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.

Alternative headline: Company in death throes tries anything to survive including cutting off own head

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?

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.

@jopepa@lemmy.world
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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.

Funny for a company that relies on it’s customers working from home.

@tomten@lemmy.world
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Does zoom do a ton more than the meeting app since they have 7500 employees?

@shalafi@lemmy.world
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Oh yeah! They’re constantly adding new features. Latest I’ve noticed and used is their AI Companion.

Tried it out with one of our managers. We shot the shit for 45-miuntes, got the transcript an hour later.

I was more than a little stunned. It caught all the highlights, mostly ignored the bullshitting talk, and provided a great summation of our meeting. I wouldn’t expect a human to have done such a good job. It was kinda eerie.

And like KazuyaDarklight noted, Zoom is our complete phone system. We’re not big enough for the call center options, but the integrations are there.

VOIP and call center call management systems.

How the hell does Zoom have 7500 employees??

Eager Eagle
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7400 are managers

@Obi@sopuli.xyz
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I know some of them/some ex ones. When COVID hit they became a household name where everyone and their grandma knew about them and they thought they would become the next Google. Hired like crazy, employees with old stock grants were millionaires for a while (didn’t last) and then the hype died down and everyone realized they could do the same thing for free through one of the various other tech platforms.

@MaxPow3r11@lemmy.world
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capitalist/billionaire/asshole class: “fuck everyone but us…those cogs served their purpose…now we can run the machine without them. We’re the only REAL humans on this planet. No one else has feelings or anything. Clearly we need to do this to save us all. Sorry. Not sorry. I also deserve more money now & I can do this whenever I want because there’s no consequences from the money I am stealing every single day”

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