Zoom to lay off 1,300 employees, or about 15% of its workforce

[butterscotch]

After a boom from the pandemic, Zoom is laying off 15% of its workforce. Multiple high tech companies are also making large cuts to their workforce.

Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post shared to the company’s website.

CEO Eric Yuan wrote in the blog post that as the world continues to adjust to life after the pandemic, the company needs to adapt to the “uncertainty of the global economy.”

Yuan also said he plans to reduce his own salary for the coming fiscal year by 98%, and he is also foregoing is 2023 corporate bonus.

The company’s layoff announcement marks the latest round of job cuts in the tech industry, as Dell on Monday announced plans to cut 6,650 jobs. In January, Google revealed plans to lay off more than 12,000 workers, Microsoft disclosed plans to cut 10,000 employees and Salesforce announced plans to lay off 7,000 workers.

Zoom to lay off 1,300 employees, or about 15% of its workforce

[spitfire]

There has been a surge of “Non Jobs” of late, this is just a market correction.