βΒ $261 Million market cap Β· β94.2% from peak
The rise & fall
7 moments Β· 1987β2025
The key moments, with employee sentiment along the way.
1987
π±
1987
Founded in Silicon Valley
Starts life as a video-compression chip company; internet calling comes much later.
Wikipedia
2018
π¦
2018
Joins the unicorn club
The move upmarket into unified communications and cloud contact centers carries the market cap past $1B.
Macrotrends
Jan 2021
π
Jan 2021
The peak: the remote-work trade tops out$4.5B
The stock touches an all-time high near $39 as pandemic-era demand for cloud calling peaks β a ~$4.5B company.
Macrotrends
2021β23
2021β23
The boom unwinds
Demand normalizes while Zoom, Microsoft Teams and RingCentral squeeze from every side β with meaningful debt and thin margins in the background.
stockanalysis
2022
π
2022
Slips out of the club
The slide is nearly continuous; the market cap eventually settles around $240M, roughly 95% below the peak.
Macrotrends
2022β25
π¬
From the inside Β· Glassdoor reviews, 2022β25
Glassdoor reviews described the grind from inside: employees counted repeated layoff rounds, watched engineering and support work shift to lower-cost sites in Romania, India and the Philippines, and traced heavy executive turnover around a product they felt had fallen behind rivals.
Today
Today
Still in the club β and still trading
Live Β· EGHT Β· NasdaqGSas of 2026-09-17
$1.81βΌ 0.55% todayβ $261M cap Β· β94.2% from peak
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
8x8 is a cloud-communications provider, offering unified communications and contact-center software to businesses. A pandemic-era beneficiary of the shift to remote work, its stock peaked in early 2021 with a market value around $4.5B.
As demand normalized and it faced fierce competition from Zoom, Microsoft Teams and RingCentral β while carrying meaningful debt and thin margins β the stock slid almost continuously to around $240M, roughly 95% below its peak.
Source: Macrotrends / stockanalysis ($38-39 ATH Jan 2021, peak market cap ~$4.5B; ~$240M market cap May 2026; pandemic-era cloud-comms boom unwound)
Who ran it
Samuel Wilson
CEO since 2023 (current); Dave Sipes was CEO during the 2021 peak
Still there β Chief Executive Officer Β· LinkedIn β
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
