You can add Zoom to the long list of major tech companies that have laid off employees in recent times. It's letting go around 1,300 employees, which equates to 15 percent of the workforce.
In a note to staff, CEO Eric Yuan indicated that the company expanded its headcount too quickly after Zoom's pandemic-driven boom — it tripled in size in the space of two years. "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.