Zoom announces layoffs of 1,300 employees

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In addition to cutting the workforce, the company’s executive director said he will reduce his own salary and corporate bonuses. Illustration with the logo of Zoom Dado Ruvic/Reuters The video call company Zoom announced this Tuesday (7) that it is laying off 1,300 employees, equivalent to 15% of the total workforce. The decision was announced by Eric S. Yuan, the company’s executive director. Eric even said he will reduce his own salary and corporate bonuses. There will also be a cut in the salary of your staff. “Our trajectory was forever changed during the pandemic, when the world faced one of its toughest challenges, and I am proud of the way we mobilized as a company to keep people connected,” said the executive. “The uncertainty of the global economy, and its effect on our customers, means we need to take a hard – but important – look inward in order to navigate the economic environment.” Zoom is not isolated. Yesterday (6) Dell announced that it plans to cut about 6,650 jobs, or 5% of its global workforce. Spotify also has plans to lay off around 600 employees. ALSO READ: ‘Big techs’ lay off more than 50,000 people in 3 months ‘Big techs’ lose nearly US$ 4 trillion in market value in 1 year Elon Musk wants to take people around the moon: what is known about future trips from SpaceX? Layoffs in Big Tech: What’s Happening at Google, Microsoft, Meta and Amazon

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