Zoom CEO Eric Yuan speaks on the Dropbox Work In Progress Convention in San Francisco on September 25, 2019.
Matt Winkelmeyer | Getty Pictures for Dropbox
Zoom is reducing about 150 jobs, CNBC confirmed on Thursday, the newest tech firm to slash headcount this 12 months as buyers proceed to push for effectivity.
A Zoom spokesperson confirmed the cuts quantity to lower than 2% of the corporate’s workforce.
“We often consider our groups to guarantee alignment with our technique,” the spokesperson informed CNBC in an announcement. “As a part of this effort, we’re rescoping roles so as to add capabilities and proceed to rent in important areas for the long run.”
Zoom mentioned the layoffs usually are not companywide, and added that it’ll proceed to rent for roles in AI, gross sales, product and throughout operations in 2024.
The cuts at Zoom had been first reported by Bloomberg.
As of Thursday, greater than 100 tech firms have laid off round 30,000 workers to start out the 12 months, in accordance with layoffs.fyi. January was the busiest month for job cuts within the business since March.
Final month, Microsoft minimize 1,900 positions in it is gaming division, Google mentioned it is eliminating tons of of roles throughout the corporate and Amazon laid off workers throughout its Prime Video, MGM Studios, Twitch and Audible divisions. Along with Zoom, cloud software program vendor Okta introduced a downsizing on Thursday, telling workers that it is shedding 400 staffers, or about 7% of its workforce.
Zoom exploded in recognition firstly of the Covid pandemic as staff turned to the video-conferencing platform to remain in contact with colleagues, family and friends. However because the pandemic subsided and plenty of staff returned to in-person roles, Zoom’s inventory has stumbled.
Zoom shares are down about 10% this 12 months and have dropped virtually 90% from their file excessive in October 2020.
Final February, Zoom minimize round 1,300 staff, or about 15% of its workforce, as the corporate braced for the “uncertainty of the worldwide financial system,” CEO Eric Yuan mentioned on the time. The cuts in 2023 hit each group throughout Zoom.
WATCH: Latest tech layoffs is not a second the place AI is changing engineers
