Zoom platform announces layoffs of 1,3 people

In two years, the Zoom quadrupled its revenue and tripled its workforce “to meet demand”, highlighted Eric Yuan, general director of the group, on the company's website. But the executive acknowledged that the platform did not “take enough time to analyze what it needed and ensure that its growth was sustainable”.

“Global economic uncertainty and its effect on our customers” led the Zoom to change course, to “be able to face the current economic environment”, declared the executive, who will reduce his salary by 98% and give up bonuses. Additionally, executives at Zoom will receive a 20% salary reduction and will not receive a bonus.

As the industry prepares for a possible recession, the Zoom took measures similar to those adopted by giants such as Microsoft, Meta, Alphabet, Amazon, Dell e Twitter.

(To AFP)

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