NOVEMBER 10, 2022 — 10% REDUCTION IN FORCE
In a major cost-cutting effort to improve operating margins and bottom-line profits, the company has announced plans to reduce its workforce by 10%, or an estimated 530 employees.
“In addition to the job cuts, the company has reduced travel, IT spending, and marketing costs.”
AUGUST 11, 2022 — Original post…
Belmont, California-based RingCentral, a provider of cloud-based communication and collaboration products and services for businesses, announced company plans to lay off 50 employees at its headquarters offices in Belmont, California.
The layoffs include "more than a dozen senior roles, including a vice president of marketing operations and strategy, a senior systems integration manager, several senior software engineers, and a platform partner go-to-market (GTM) manager.
According to a company spokesperson, “Changing business needs require us to reduce our workforce at the facility permanently. The layoffs, in two rounds of 25 at its Belmont offices, will be effective September 18, 2022, and September 25, 2022.
This was a result of making choices on where to invest to maximize impact and optimize for growth and profitability. We continue to invest in key areas of the business and will continue to hire in those areas to fuel our growth and further strengthen our position as the UCaaS (unified communications as a service) industry leader.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?