Business News
Home > Business News
Zoom lays off 1,300 employees, CEO takes 98% pay cut
TIWN
TIWN

PHOTO : TIWN
New Delhi, Feb 8 : Video communication app Zoom is laying off about 1,300 people, or 15 per cent of its workforce, its CEO Eric Yuan has announced.
"Over the past few years, Zoom has become an indispensable source of connection for businesses and individuals as well as a globally recognized brand. Whether you have been at Zoom since the beginning or joined us more recently, you’ve played an important role in our evolution, and that makes today’s announcement particularly difficult. We have made the tough but necessary decision to reduce our team by approximately 15% and say goodbye to around 1,300 hardworking, talented colleagues," the CEO said in a blog post.
Add your Comment
Comments (0)
More Business News
- Nifty’s closing above 25,330 could reignite bullish momentum: Experts
- AAIB report: Don’t jump into any conclusions at this stage, says Civil Aviation Minister
- 16th Rozgar Mela: 72 candidates receive appointment letters in Chhattisgarh
- Bihar: Enhanced Rs 1,100 pension credited into bank accounts; beneficiaries express gratitude
- India's gold reserves rise by $342 million, forex stands at $699.736 billion: RBI