Zoom Video to cut 1,300 jobs, or 15% of global workforce

Zoom Video Communications Inc. is eliminating 15% of its workers as the service that became ubiquitous during the pandemic adapts to slower growth. The company will cut about 1,300 jobs as part of a restructuring, Chief Executive Officer Eric Yuan said Tuesday in a blog post. Yuan called himself “accountable” for the company’s issues and said he would reduce his salary and forgo his bonus.

source https://timesofindia.indiatimes.com/business/international-business/zoom-video-to-cut-1300-jobs-or-15-of-global-workforce/articleshow/97708073.cms

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