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Zoom is cutting about 150 jobs, or close to 2% of its workforce (www.cnbc.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] killeronthecorner@lemmy.world 19 points 9 months ago (2 children)

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

[–] EdibleFriend@lemmy.world 31 points 9 months ago (3 children)

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?

[–] killeronthecorner@lemmy.world 20 points 9 months ago

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.

[–] AWittyUsername@lemmy.world 2 points 9 months ago

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

[–] jopepa@lemmy.world 2 points 9 months ago* (last edited 9 months ago)

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.

[–] NewNewAccount@lemmy.world 8 points 9 months ago (1 children)

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.

[–] killeronthecorner@lemmy.world 3 points 9 months ago

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?