Zoom lays off 15% of its workforce after growth spurt during pandemic

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 a