During the last Tuesday, 7, through a statement from the CEO, the company Zoom announced that it will lay off 1,300 of its employees. The value is equivalent to 15% of the workforce. Therefore, Eric Yuan, CEO of Zoom, reported that he is going through a readjustment moment after the high demand of the Covid pandemic period. Keep reading to get more information.
Zoom will lay off large number of employees later this year
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This is a decision that has affected many large companies around the world, especially in the technology area. The whole world decreed quarantine due to the contamination of the Covid-19 virus and basically everything was resolved within the framework of virtual: work, schools, colleges, meetings with friends and even family gatherings have migrated to the small screens of the computer or the smartphone.
After the return to the new normal in the world, the economy remains unstable. The reason, in addition to years of pandemic, is also justified by Russia's war in Ukraine, which weakens the global economy. This was also the justification of Zoom's CEO, who reported that the company needs to face the "uncertainties of the global economy" and the demand that customers have proposed to the company.
Certainly, Zoom was one of those technology companies that received the most demands during the period of removal. The company informs that it went through the technological “boom” during the pandemic.
“We have been working tirelessly and improving Zoom for our customers and users. But we also make mistakes […] We don’t take as much time as we should to thoroughly analyze our teams or assess whether we were growing sustainably, towards the highest priorities," he said. Yuan.
Zoom's CEO said that the employee cuts will affect all areas and that each dismissed employee will be entitled to 16 weeks of salary and access to health care. In addition to employees, Yuan says he will cut his own salary by 98%.
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