Zoom set to fire 1300 workers
Zoom, a video conferencing app, has announced plans to lay off approximately 1,300 employees from its total workforce.
Zoom's Chief Executive Officer, Eric Yuan, stated in a press release issued on Tuesday that the move was necessary due to the "uncertainty of the global economy" and its effects on the company's customers.
"We have made the difficult but necessary decision to reduce our team by approximately 15% and say goodbye to approximately 1,300 hardworking, talented colleagues," the statement said in part.
"I understand that this is a difficult message to hear, and it is not one I ever wanted to deliver."
In terms of the company's growth, Yuan stated that the company's trajectory shifted when many businesses were forced to operate remotely during the 2020 pandemic.
To meet demand, he revealed that Zoom's workforce had tripled in size in just 24 months.
"As the world adjusts to life after the pandemic, we're seeing that people and businesses continue to rely on Zoom," he said.
"However, the global economy's uncertainty, and its impact on our customers, requires us to take a hard - but necessary - look inward to reset ourselves so we can weather the economic environment, deliver for our customers, and achieve Zoom's long-term vision."
Zoom's announcement is the latest in a string of layoffs in the tech industry. Other tech titans such as Meta, Amazon, Google, and Microsoft have all drastically reduced their workforce in recent months, continuing a trend that began with Twitter in 2022.
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