After expanding its staff by three times in the span of 24 months during the pandemic, cloud-based videoconferencing service provider Zoom on Wednesday said that it was laying off 15% of its workforce, fearing uncertain macroeconomic conditions.“We have made the tough but necessary decision to reduce our team by approximately 15% and say goodbye to around 1,300 hardworking, talented colleagues,” CEO Eric Yuan wrote in a blog post. The chief executive chalked up the downsizing activity to the company’s failure to grow sustainably during the pandemic.“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.To read this article in full, please click here

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