Zoom CEO Eric Yuan speaks on the Dropbox Work In Progress Convention in San Francisco on Sept. 25, 2019.
Matt Winkelmeyer | Getty Photos for Dropbox
Zoom is chopping about 150 jobs, CNBC confirmed on Thursday, the most recent 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 commonly consider our groups to guarantee alignment with our technique,” the spokesperson advised CNBC in a press release. “As a part of this effort, we’re rescoping roles so as to add capabilities and proceed to rent in vital areas for the longer term.”
Zoom mentioned the layoffs aren’t companywide, and added that it’ll proceed to rent for roles in synthetic intelligence, gross sales, product and throughout operations in 2024.
The cuts at Zoom have been first reported by Bloomberg.
As of Thursday, greater than 100 tech firms have laid off about 30,000 staff to start out the 12 months, in response to layoffs.fyi. January was the busiest month for job cuts within the business since March.
Final month, Microsoft lower 1,900 positions in its gaming division; Google mentioned it is eliminating lots of of roles throughout the corporate; and Amazon laid off staff throughout its Prime Video, MGM Studios, Twitch and Audible divisions.
Along with Zoom, cloud software program vendor Okta introduced a downsizing on Thursday, telling staff that it is shedding 400 staffers, or about 7% of its workforce.
Zoom exploded in recognition in the beginning of the Covid-19 pandemic as staff turned to the video-conferencing platform to remain in contact with colleagues, family and friends. However because the pandemic subsided and lots of staff returned to in-person roles, Zoom’s inventory has stumbled.
Zoom shares are down about 10% this 12 months and have dropped nearly 90% from their report excessive in October 2020.
Final February, Zoom lower round 1,300 staff, or about 15% of its workforce, as the corporate braced for the “uncertainty of the worldwide economic 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
Do not miss these tales from CNBC PRO:
