Zoom Video Communications Inc. plans to lay off 1,300 workers, cutting its staff by 15%, Chief Executive Eric Yuan announced Tuesday.
“We didn’t take as much time as we should have to thoroughly analyze our teams or assess if we were... Zoom Video Communications Inc. plans to lay off 1,300 workers, cutting its staff by 15%, Chief Executive Eric Yuan announced Tuesday. “We didn’t take as much time as we should have to thoroughly analyze our teams or assess if we were growing sustainably, toward the highest priorities,” he wrote.
Cuts will be across the board, and those who are laid off be offered up to 16 weeks’ salary and healthcare coverage, according to Yuan.
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