Zoom to Lay Off 15% of Its Workforce

Zoom to Lay Off 15% of Its Workforce

Zoom to Lay Off , 15% of Its Workforce.

CNBC reports that the company made the announcement on Feb.

7 via a blog post.

1,300 workers will be let go.

CEO Eric Yuan cited the need to navigate the "uncertainty of the global economy.".

We worked tirelessly and made Zoom better for our customers and users.

But we also made mistakes, Eric Yuan, Zoom CEO, via blog post.

We didn’t take as much time as we should have to thoroughly analyze our teams or assess if we were growing sustainably, toward the highest priorities, Eric Yuan, Zoom CEO, via blog post.

As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today– and I want to show accountability not just in words but in my own actions, Eric Yuan, Zoom CEO, via blog post.

According to Yuan, every organization within Zoom will be impacted.

Those who lose their jobs will receive up to 16 weeks of salary and health insurance.

Yuan said he will reduce his upcoming fiscal year salary by 98% and will forfeit his 2023 bonus to help the company.

Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.

Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.

Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.

Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.

Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.

Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce