Item 1A. Risk Factors
ITEM 1A. RISK FACTORS
Management believes that as of September 30, 2021, there have been no material changes to our risk factors from those disclosed in Item 1A “Risk Factors,” of our annual report on Form 10-K for the year ended December 31, 2020 except as noted below.
We have required all employees in the United States to receive the COVID-19 vaccine and to return to the office on a full-time basis.
In August 2021, we notified our employees in the United States that they would be required to return to the office on a full-time basis beginning in September 2021 and that they would be required to attest that they were fully vaccinated against the COVID-19 virus unless they received a medical or religious exemption. Fully vaccinated employees in the United States began returning to our offices on a full-time basis in early September 2021. Employees had until October 11, 2021 to provide their vaccine self-attestation.
In October 2021, we opened most of our non-US offices for employees to return on a voluntary basis. We plan to require our employees outside of the United States to return to full-time, in-office work in November 2021, although the timing of this return may vary depending on circumstances in each country. Where permitted by, and subject to, local laws, we will require employees outside of the United States to be fully vaccinated against the COVID-19 virus.
Our employees have largely complied with our vaccine mandate in the United States. However, we experienced an increase in employee departures, particularly within our sales department in the third quarter of 2021. We believe that this rise in departures was attributable in part to the unwillingness of some employees to be vaccinated and/or to return to a full-time, in-office environment. If we continue to mandate COVID-19 vaccinations and require employees to return to our offices on a full-time basis, we may find it difficult to retain existing employees or hire new employees. If this occurs, this may impact our revenue growth and profitability.
We are experiencing delays in the delivery of networking equipment.
We have seen a slowdown in the delivery of network equipment and delays in the projected delivery time of network equipment orders. While we believe we can adequately manage the operation, maintenance, upgrading and growth of our network, a worsening or prolonged slowdown of the delivery of network equipment may impact our ability to expand and augment our network and service offerings. If this occurs, this may impact our revenue growth and profitability.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.