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video calling platform Increase announced on Tuesday it was laying off 15% of its workforce, about 1,300 people, to deal with “global economic uncertainty” and the post-pandemic era. COVID-19.
emblem distant work during the pandemic, its growth increased dramatically in mid-2020 thanks to the proliferation of virtual meetings, both work and family.
For two years Increase It quadrupled its income and tripled its workforce “to keep up with demand,” Eric Yuan, the group’s general manager, recalled on the company’s website.
What does Zoom’s CEO say?
Eric Yuan admitted that Increase he “didn’t take enough time” to see what he needed to “ensure the sustainability of his growth.”
“Global Economic Uncertainty and Its Impact on Our Clients” Increase change course to “be able to cope with the current economic conditions,” the chief executive said.
“I have to be held accountable for mistakes,” said Yuan, who will take a 98% pay cut and waive bonuses.
In addition, leaders Increase their salaries will be reduced by 20% and they will not receive bonuses either.
Zoom is one of several companies facing a wave of layoffs
As the industry prepares for a possible recession, Increase adopted measures similar to those already taken by such giants as Microsoft, Target -owner facebook-, alphabet -matrix Google-, Amazoniconic computer brand Dell and social network Twitter
AFP
Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.