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Zoom lays off 1,300 employees, CEO takes 98% pay cut
TIWN
Zoom lays off 1,300 employees, CEO takes 98% pay cut
PHOTO : TIWN

New Delhi, Feb 8 : Video communication app Zoom is laying off about 1,300 people, or 15 per cent of its workforce, its CEO Eric Yuan has announced.

"Over the past few years, Zoom has become an indispensable source of connection for businesses and individuals as well as a globally recognized brand. Whether you have been at Zoom since the beginning or joined us more recently, you’ve played an important role in our evolution, and that makes today’s announcement particularly difficult. We have made the tough but necessary decision to reduce our team by approximately 15% and say goodbye to around 1,300 hardworking, talented colleagues," the CEO said in a blog post.

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