Zoom lays off 15% of employees
&gt; 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.<p><a href="https:&#x2F;&#x2F;www.macrotrends.net&#x2F;stocks&#x2F;charts&#x2F;ZM&#x2F;zoom-video-communications&#x2F;number-of-employees" rel="nofollow">https:&#x2F;&#x2F;www.macrotrends.net&#x2F;stocks&#x2F;charts&#x2F;ZM&#x2F;zoom-video-comm...</a><p>Zoom Video Communications total number of employees in 2022 was 6,787, a 53.48% increase from 2021.<p>Zoom Video Communications total number of employees in 2021 was 4,422, a 74.64% increase from 2020.<p>Zoom Video Communications total number of employees in 2020 was 2,532, a 48.77% increase from 2019.<p>Zoom Video Communications total number of employees in 2019 was 1,702, a INF% increase from 2018.<p>Probably not the most up to date&#x2F;accurate info.<p>If 1300 is 15% of their workforce, they are up to 8.6k employees, headed back down to 7366, still all time high.<p>Did they really think COVID lifestyle was going to stay forever and their business would be gangbusters forever?<p>What % of their 7000-8000 employees (ignoring any contractors I guess) are engineers? 60%?<p>4200 engineers to work on an app that at its core is... video conferencing?<p>&gt; Zoom has 300 million users in meetings daily. 89% of zoom users use it for work meetings. 73.41 million downloads of the Zoom app were recorded worldwide in the first quarter of 2022.<p><a href="https:&#x2F;&#x2F;www.google.com&#x2F;search?q=zoom+daily+active+users" rel="nofollow">https:&#x2F;&#x2F;www.google.com&#x2F;search?q=zoom+daily+active+users</a><p>What new features have they rolled out past 12 months that justify needing 4,000 engineers&#x2F;project managers&#x2F;product managers&#x2F;QA team&#x2F;dev ops&#x2F;whatever fulltime?<p>I&#x27;d really like to learn the truth to why this statement is wrong: &quot;The average person has more business sense than the CEO of Zoom and its entire board of executives who allowed rampant hiring because I could&#x27;ve guessed during COVID, despite the surge in demand given all of the work-from-home during lockdowns, my company most likely won&#x27;t grow forever, therefore I won&#x27;t triple my staff over the next 3 years and then need to just end up laying them off&quot;<p>Like there&#x27;s no way it&#x27;s just that simple. Google says the CEO is worth between $4bn and $25bn. He has to be smarter than the average bear. What am I missing?