Zoom layoffs impact 15% of staff

After an unfathomable boom at the onset of the pandemic, Zoom has made the decision to cut 15% of its staff, or 1,300 people.
“The uncertainty of the global economy, and its effect on our customers, means we need to take a hard – yet important – look inward to reset ourselves so we can weather the economic environment,” CEO Eric Yuan wrote in a blog post addressed to “Zoomies.”
In the first 24 months of the pandemic, Zoom grew its staff three-times over to manage a sudden increase in demand, when the company experienced five straight quarters of triple-digit year-over-y

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