"Email In Next 30 Minutes...": Zoom CEO Announces 1,300 Job Cuts - NDTV

"Email In Next 30 Minutes...": Zoom CEO Announces 1,300 Job Cuts - NDTV

Feb 08, 2023 50 secs

New Delhi: Communications technology firm Zoom will lay off some 1,300 employees or 15 per cent of its workforce, chief executive Eric Yuan said in the company's official blog on Tuesday.

Calling the affected employees "hard-working, talented colleagues", Mr Yuan said they will get an email if they are based in the US and all non-US staff will be informed following local requirements.

Zoom's lay-offs add to a long list of technology firms cutting their workforce recently amid a slowdown in businesses after the boom during the COVID-19 pandemic, which confined people to work from home.

Now, many firms are cutting their workforce as Covid wanes across nations and large businesses end work from home mode.

Our trajectory was forever changed during the pandemic when the world faced one of its toughest challenges, and I am proud of the way we mobilized as a company to keep people connected.

Within 24 months, Zoom grew 3x in size to manage this demand while enabling continued innovation," Mr Yuan wrote on the blog post.

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