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The popular video conferencing platform Zoom has recently announced it will let go of 1300 of its employees, amounting to around 15% of its entire workforce. The layoffs are part of the company’s restructuring plan to optimize its operations for post-pandemic demand.
Zoom has been a popular choice for businesses, schools, and other organizations during the pandemic, as it allows them to stay connected remotely. However, the company is now anticipating a decrease in demand for its services once the pandemic is over. The company is restructuring its operations, including layoffs, in order to stay competitive in the market.
The layoffs are expected to be mainly concentrated in the sales, customer experience, and support departments. Zoom also plans to cut some positions in its research and development teams, as well as in its areas that focus on product management, IT, finance, and legal.
The company will provide severance packages to the employees who have been affected, along with outplacement services to assist them in locating new employment. Zoom has also stated that it will continue to invest in its “core” technology, products, and services, even after the layoffs.
Zoom’s recent decision to lay off 15% of its workforce is a necessary step to ensure it remains competitive in the market post-pandemic. The company will be offering severance packages and outplacement services to the affected employees while continuing to invest in its core technology, products, and services.