Zoom is laying off 1,300 employees, here’s why

Zoom has become the latest company to announce job cuts. Eric Yuan, CEO of Zoom, announced that the company is laying off 1,300 employees, which translates to about 15% of its staff. Each organisation across Zoom will be impacted by the job cut.

According to a memo from the CEO, the job cuts are global in nature. “If you are a US-based employee who is impacted, you will receive an email to your Zoom and personal inboxes in the next 30 minutes that reads ‘[IMPACTED] Departing Zoom: What You Need to Know.’ Non-US employees will be notified following local requirements,” he said.

Why Zoom is laying off employees
Just like other technology companies, including Microsoft, Intel, Google, Meta, and Amazon, among others, the company CEO cites “uncertainty of the global economy, and its effect on our customers” as the reason for layoffs.