Friday, 24 March, 2023

Zoom Video to Cut 1,300 Jobs, or 15% of Global Workforce

<p>Zoom Video Communications is cutting 15% of its global workforce, or 1,300 employees, due to the impact of the COVID-19 pandemic. Despite the company&#39;s tremendous growth during the pandemic, the shift to remote work has slowed demand for some of its products and services. Zoom is also facing increased competition in the video conferencing market. The layoffs are part of a larger restructuring effort to streamline operations and maintain profitability.</p>