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.

Comments

Post a Comment

Popular posts from this blog

Tweaks in law, extensions to ED chief illegal: Amicus to Supreme Court

Senior advocate K V Vishwanathan, who is assisting the court as amicus curiae in adjudicating pleas against extension given to the ED director, told the Supreme Court on Thursday that amendments made in law by the Centre to extend the tenure and the three extensions given to its present director are illegal and would compromise the independence and integrity of the investigating agency.
Read more