>

Can they fix whatever the issue is with SSO before letting all their tech people go? Ive had to uninstall/reinstall zoom on dozens of machines since yesterday or they get stuck in a loop opening up the website or saying talk to your it team. Thanx
The layoffs were done over a group Teams meeting. >

My MIL was one of them. During the team call, she all of a sudden had all her access cut. That included her VOIP. She had to call her boss over her personal phone to get the details. At least she got a 16 week severance. >

16 week severance is pretty great >

Agreed. She won’t have to deal with someone trying to pull it away from her like Twitter is doing. >

Yea. Im in tech now and I dont think layoffs are coming to my company but its obviously in the back of my mind. I think if I got 16 weeks severance and laid off itd be a bit relieving almost haha. Would ofc be better to survive the round but 🤷‍♂️ >

Can they fix the annoying "Are you trying to talk? You are muted" Notification that no one sees because it only happens when you're coughing, before they fire people? >

….not sure if they can or not, but it’s probably harder to fix with 15% fewer workers 😅 >

Does Zoom really require almost 9,000 people to run the company? >

That probably depends on what you mean by “run the company”. 
It probably takes a fraction of that number to support to basic business but it would be very hard for anyone who isn’t familiar with their business internally to say what the number is. 
Lots of “healthy” businesses try to expand. I’m sure zoom had some r and d teams and stuff like that, where the work isn’t crucial to the business now but could be key in the future. 
But also, lots of “unhealthy” businesses have lots of redundancies of leaders who provide no value. 
Again, tough to say what’s going on from the outside. >

Lot of these tech companies I do not understand why they have so many employees?  Zoom being one of them >

It takes a lot of work to maintain a global-scale software application, especially one that relies on streaming huge amounts of video and audio data. >

Shopping the company around? Maintenance mode because of lack of growth? I can imagine Zoom use has peaked at least for now. >

We had like 16k licenses for our org during the pandemic. We cut it down to like 10 at the beginning of the year. >

So it's your fault. >

You're right, It's me, I'm the Taylor Swift. >

Ladies and Gentlemen we got ‘em.. >

They employ that many people??? >

Not anymore. >

The CEO of Zoom said he will cut 15% of staff because the pandemic bubble is bursting. He also will reduce his salary 98% this year and take no bonus. The board is also taking a pay cut with no bonuses. This all lead to the stock going up  9.85% today, about $7.59 a share. 
Yuan owns 22% of Zooms stock which is roughly 65 million shares. That bump in stock value netted him slightly more than $493 million dollars. His salary last year (with bonus) was ~$1.1 million. It's all a big fucking joke. >

Pumping up those q1 reporting numbers, eh? >

I still really like Zoom but I guess my workplace is going to phase it out and use Teams instead because it’s cheaper even though we’ve had a lot more technical issues with it.  So yeah, that’ll be fun. >

Honestly, Teams is better.  Chat, especially during meetings, is leaps and bounds above Zoom.  AIM had better chat than Zoom. >

Hot take: chat should almost never be used in a meeting… I hate all the parallel conversations and reactions that go on in the chat. Either pay attention to the meeting or don’t, but don’t keep interrupting it with distracting info. >

I mean, if it's the chat that is connected to the meeting, it shouldn't be used for side conversation anyway.  But I use the in-meeting chat during almost every meeting I'm in, to share links, pictures, etc. for context. >

Exactly.  If you’re not using chat for that or to provide info and/or ask questions without interrupting the current conversation, you’re doing it wrong. >

One of my closest friend at work was laid off Friday, seems like industries have been getting hit hard. >

Industries are fine, it’s just that profits are lower than record setting now that purchasing trends are changing from pandemic level trends to whatever it’s going to be post pandemic. They are trimming fat in the form of wage expenditures to increase profits. >

Our company had a 24% increase in profit along with a 26% increase in total sales last year.
January 2nd our customer service department was cut in half with the most senior ones being let go. Now my department has to help the halved customer service department.
It’s cool though, we had a pizza party last week with a 40 minute lunch instead of 30. 
I can’t begin to tell you how thankful my family was for that pizza party instead of a Christmas bonus. Life is grand y’all! >

It's always pizza. Like that fixes everything. >

Nobody wants to work any more. >

I never wanted to. >

Working is overrated anyway >

The economy is slavery. >

So many tech companies are laying people off in the thousands. Google, Meta, and the biggest place hiring that kind of employee is the NSA. >

I keep thinking about the scores of tech grads going up to get their diplomas at my daughter's graduation ceremony. Hope they're getting by all right. >

They'll be fine.  There are still TONS of open jobs in the tech field.  What the difference is now is that instead of the tech companies snatching up everyone they can, now non-tech companies can finally start filling those open positions they've been unable to fill (my company has multiple we've worked to fill and we've had to resort to outsourcing).  Plus, some of the stupid salaries for recent grads are going away, which is fine. >

Maybe they could work from home? >

Followed by stock buybacks? >

Were they laid off virtually? >

I was laid virtually. >

Good to see you again! >

I hope they did it via Zoom. >

It was a Teams call which is just as funny/sad. >

I’m not sure why idiots keep upvoting this, it was through a Zoom webinar and a following email. >

Does anyone use zoom professionally? Anecdotally, I don’t know anyone that uses it at their job. It’s either Teams, Slack, WebEx, or an in house product. >


WebEx

Easy there grandpa >

Worked at a company a year ago that still used. I’m not the one implementing the policy >

How do they have 1300 employees? >

They have 8k it seems. They had, anyway >

Zoom isn't owned by Microsoft. >

Thanks. My brain was thinking Teams. Oops! >

It’s always been cyclical and need to maximize profits. Their hiring spree over the last few years wasn’t sustainable. I worked for a large one and left because they were hiring idiots at $300K. I was able to go elsewhere and have way less of a headache.
They originally prided themselves on their rigorous hiring process. Then they just filled them with warm bodies because managers were afraid if they didn’t hire anyone, they’d lose the headcount. >

Did they grow because of the pandemic?