Zoom to cut 1,300 jobs

Zoom Video Communications Inc. is cutting 15 percent of its employees as the service, which became ubiquitous during the pandemic, adjusts to slower growth.

The company will cut about 1,300 jobs as part of a restructuring, Chief Executive Officer Eric Yuan said in a blog post on Tuesday. Calling himself “accountable” for the company’s troubles, Yuan said he would cut his salary and forego his bonus.

https://www.independent.ie/business/world/zoom-to-cut-1300-jobs-42332765.html Zoom to cut 1,300 jobs

Fry Electronics Team

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