Zoom recently announced layoffs that will affect two percent of the company’s workforce, which is estimated to cut 150 jobs. Zoom stated that the layoffs will allow the company to adjust its strategy to better align with company goals. The company is focusing on hiring more workers in the artificial intelligence department, as well as the sales and product divisions. Various other tech companies have also announced layoffs in the past month, and thousands of workers in the tech industry have been affected by these job cuts. This trend of layoffs in the tech industry is partially attributed to decreases in share values, and investors have demanded job cuts to increase efficiency. One year ago, Zoom laid off 15% of its workforce, and approximately 1300 workers were affected.
See "Zoom announces layoffs, in efforts to better align with company strategies", Ashley Capoot, CNBC, February 6, 2024