Zoom will cut 15% of its workforce

the video platform Zoom announced on Tuesday the layoff of 15% of its workforce, some 1,300 people, to deal with “global economic uncertainty” and the post-COVID-19 pandemic era.

Emblem of teleworking during the coronavirus pandemic, its growth skyrocketed in mid-2020 thanks to the proliferation of virtual meetings, both work and family.

In two years, Zoom It quadrupled its revenue and tripled its workforce “to meet demand,” recalled Eric Yuan, the group’s general manager on the company’s website.

But he admitted that Zoom it did not “take enough time” to look at what it needed to “ensure that its growth was sustainable.”

“Global economic uncertainty and its effect on our customers” prompted Zoom to change course to “be able to cope with the current economic environment,” the executive said.

“I must be held accountable for mistakes,” said Yuan, who will cut his salary by 98% and waive bonuses.

In addition, the executives of Zoom they will have a 20% salary reduction and they will not receive bonuses either.

When the industry prepares for a possible recession, Zoom It took measures similar to those already adopted by giants such as Microsoft, Meta -the owner of Facebook-, Alphabet -Google parent-, Amazon, the Dell computer manufacturer and the social network Twitter.

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