he Zoom CEO Eric YuanHe mentioned that he will be released approximately 1300 employees, or 15 percent of its workforce. In addition, he also assured that he will reduce his salary of 1.1 million dollars by 98 percent.

The CEO posted a message to his staff ZoomBlog, let them know that those affected by the layoff will receive an email about the decision. The departure will affect all of the company’s divisions, which during the pandemic have been dedicated to helping various organizations continue to hold meetings virtually.

“In recent years, Zoom has become an indispensable resource connection For companies and individuals, as well as for a globally recognized brand. “Whether you’ve been on Zoom from the beginning or just joined us, you’ve been instrumental in our evolution, and that makes today’s announcement especially difficult,” Yuan said in a message.

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“We have taken the tough but necessary decision to reduce our team by approximately 15% and say goodbye to approximately 1,300 hard-working and talented colleagues,” he emphasized.

It also states that laid-off employees will receive up to 16 weeks of back pay and health care coverage. And on the news of his pay cut, he also emphasized that executives will also see those pay cuts, and that they all waived their 2023 annual bonuses.

“I know this is a hard message to hear and certainly not the one I wanted to convey. If you are an employee USA For those affected, you will receive an email in your Zoom and private inbox within the next 30 minutes stating [IMPACTO] Departing from Zoom,” he noted on his blog.

Zoom is another tech giant announcing big layoffs after the industry saw a brutal end to 2022.

It was published 30 minutes earlier in a letter sent to employees lettersYuan emphasized that “We created Zoom to eliminate the friction that companies felt when collaborating. Our trajectory changed forever during the pandemic, when the world faced one of its toughest challenges, and I’m proud of how we as a company have evolved to connect people. “

“For this to be possible, we needed to recruit quickly to support the rapid growth of users on our platform and their changing needs. In 24 months, Zoom has tripled its size to manage this demand while continuously innovating.

“As the world transitions to post-pandemic life, we’re seeing people and businesses continue to rely on Zoom. But the uncertainty of the global economy and its impact on our customers means we need to look, but more importantly, inward to get ahead so we can navigate the economic environment, deliver for our customers and achieve Zoom’s long-term vision. “, he added.

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The future of Zoom

As the CEO pointed out, they are constantly changing, in light of the post-pandemic, which will also bring great economic changes, and in this transformation, they are trying to make Zoom the best experience for users. “We are honored to receive the vision platform Zoom in, but we still have a lot of work ahead of us to make sure we deliver an experience that enables a new kind of productivity. “

He also added that “Zoom strives to provide the best tools and applications for today’s users who need to collaborate on a single purpose. While we must take these steps today, we will continue to invest in key strategic areas to help us achieve our vision.”

Finally, he assured that his loyalty is with the customers and “I will make sure that the changes we are making today in our team are not in vain. We will learn from the past to prepare for future success and redouble our efforts to help Zoom grow into tomorrow.”