Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth SlowsRead more

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cloud enterprise

Zoom Lays Off 15% of Staff, CEO and Execs to Take Pay Cut

By
Kevin McLaughlin
· · Source: The Information

Zoom is laying off around 1,300 employees, or about 15% of its workforce, as global economic uncertainty continues to delay customers’ purchasing decisions, founder and CEO Eric Yuan announced in a blog post . The job cuts show how Zoom is responding to a dramatic slowdown in revenue growth over the past year as more companies have returned to working in offices and cut back on their usage of...

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