Zoom Lays Off Around 15% of Staff
Zoom, one of the greatest tech success stories of the pandemic, is getting a reality check. In February, roughly three years after much of the world began using “zoom” as a verb, the video meeting platform announced major layoffs impacting around 15% of its workforce. That works out to around 1,300 employees.
In a note to staff, Zoom CEO Eric Yuan said it failed to properly assess the sustainability of its early pandemic growth.
“As the world transitions to life post-pandemic, we are seeing that people and businesses continue to rely on Zoom,” Yuan said. “But the uncertainty of the global economy, and its effect on our customers, means we need to take a hard—yet important—look inward to reset ourselves so we can weather the economic environment, deliver for our customers and achieve Zoom’s long-term vision.”
