A deeper cut than other recent tech layoffs
Feb 7, 2023, 6:01 PM UTCZoom is laying off about 15 percent of its staff, which means about 1,300 people will lose their jobs, according to a memo from Zoom CEO Eric Yuan that the companyThe company scaled up rapidly as people shifted to remote work during the pandemic, and Zoom grew three times in size within 24 months. However, “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,” Yuan wrote.
Zoom employees being laid off in the US will receive a severance package that includes up to 16 weeks’ salary and healthcare coverage. Outside the US, severance will be “similar and will take into account local laws,” according to Yuan. Like many other CEOs, Yuan says he holds himself accountable “for these mistakes and the actions we take today” and announced he’s reducing his salary by 98 percent for the rest of the year. He also won’t take a corporate bonus and says that the rest of the executive leadership team will do the same, and they are reducing their base salaries by 20 percent.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Major earthquake strikes Turkey, Syria; about 300 dead, many trappedA major earthquake of magnitude 7.8 struck central Turkey and northwest Syria on Monday, killing about 300 people and injuring hundreds as buildings collapsed across the region, triggering searches for survivors in the rubble.
Lire la suite »
BLACKPINK's 'Shut Down' exceeds 300 million streams on Spotify | allkpopBLACKPINK's 'Shut Down' reached a new milestone on Spotify!Recently, the title track from the girl group's second full-length album 'Born…
Lire la suite »
Exclusive: Sonos’ next speakers will be called the Era 300 and Era 100CEO Patrick Spence has said Sonos will ‘reset the bar’ in its existing audio categories, and the Era speakers will lead that charge. A second-generation Sonos Move is also in the works.
Lire la suite »
ChatGPT frenzy sends artificial intelligence stock SoundHoundAI on 300% runChatGPT frenzy continues to lift artificial intelligence stock SoundHoundAI as it soars 300% in the last month
Lire la suite »
Zoom to cut 15% of staff as tech layoffs continue, execs cut own pay; stock jumpsZoom Video Communications Inc. plans to lay off 1,300 workers, cutting its staff by 15%, Chief Executive Eric Yuan announced Tuesday. In a blog post, Yuan...
Lire la suite »
Car of the Week: Mercedes Made Only One 300 SL in This Rare Green. Now It Could Fetch $2.2 Million.Formerly owned by the Indianapolis Motor Speedway Foundation, the 1955 Mercedes-Benz 300 SL 'Gullwing' will be offered by Mecum Auctions.
Lire la suite »