The layoffs continue Tech industry attackand this week, they come up with one of the biggest winners of the pandemic: Zoom.
Yesterday, the video conferencing platform cut 15% of its staff, or about 1,300 people. That comes after Zoom tripled its number of employees in two years. Eric Yuan, CEO of Zoom, said: “It didn’t take us long to thoroughly analyze our teams or assess whether we were growing sustainably, moving towards our priorities. highest or not. declare resignation notice. Yuan said he was “responsible for these mistakes” and vowed to reduce his salary by 98% and forgo bonuses by 2023, reducing his compensation to about $10,000, according to the Securities and Exchange Commission. US translation. submit.
Zoom is not alone. Big tech companies boom when COVID-19 The pandemic has shut down the world and pushed people to increase the time they spend on their devices. Amazon added more 400,000 employees in 2020 and Meta, then Facebook, rented 13,000 yen. Zoom has grown from a little-known video conferencing platform to a household name. There have been happy hours, weddings and Zoom memorials. By the end of April 2020, the company said 300 million daily participants joined Zoom calls. that is Most Downloaded apps on Apple devices in 2020 and report $2.6 billion in revenue for the financial year ending January 2021, up 326 percent year over year.
Nearly three years later, Zoom’s dominance is waning. Competitors, especially Microsoft and Slack, combine calling with email and other productivity tools. Zoom is experiencing market saturation and drops to pelvic problems—namely, most people willing to buy Zoom packages probably already did. “It suddenly became a much tougher market than what [Zoom] Will McKeon-White, an infrastructure and operations analyst at research firm Forrester.
And as companies look to cut costs in the face of market uncertainty, Zoom could be left behind to make room for rival bundled services like Google Meet, Microsoft Teams and Slack. . But for now, Zoom is still growing. Its latest financial report shows growth of about 5 percent annually, but that is a sharp decline compared to revenue growth 2021 55 percent over the previous year. With fewer people Zooming for fun, it becomes more business-critical. And Microsoft Teams, Zoom’s main rival, has grown more quietly, surpassing 270 million won monthly users in early 2022.
Zoom seems to be aware that it is more than just a video call service. At the end of 2022, it announced plans to integrate email and calendar features into the platform, and deploy an AI-driven chatbot to troubleshoot customers. It is added cartoon avatars and meeting templates, as well as a new feature called Zoom Spots, a video coworker experience like a never-ending Zoom call, coming later this year.
Zoom is excellent because it’s easy to use. It’s also free if people keep their calls shorter than 40 minutes. Up to 100 people can join at the same time. But other video calling services, like Google Meet and Skype, also offer free calls that last longer. And becoming synonymous with video calls is not all positive. People report”Tired zoom” caused by the strange psychological effects of video communication and watching their own faces for hours every day.
