New Delhi. The recession is having an impact on the world. Due to the recession, many companies around the world have begun laying off their employees on a large scale. Now the new name of tech company Zoom has also been added to this list. If the reports are to be believed, Zoom has decided to lay off about 1,300 employees.
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This represents 15% of the company’s total workforce. The company’s CEO Eric Yuan provides this information in a blog post on his website for the company. The effect of the original announcement was also shown, with Zoom’s stock rising 8% on his Nasdaq on Tuesday.
During the Covid-19 pandemic, many tech companies like Zoom saw incredible growth, and Zoom was one of them. , Zoom was widely used in homes and offices. But now that things are normal, the company is facing a recession.