Laid off Zoom employees are shocked and angry after company fired 15 per cent workforce
1 year, 10 months ago

Laid off Zoom employees are shocked and angry after company fired 15 per cent workforce

India Today  

Following Google, Amazon, Twitter, Meta and many other tech companies, Zoom announced layoffs. Earlier this week, Zoom CEO Eric Yuan confirmed to fire 15 per cent of its workforce, which is around 1300 employees. In an email to employees, Yuan wrote, "As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take todayâ€æTo that end, I am reducing my salary for the coming fiscal year by 98 per cent and foregoing my FY23 corporate bonus. Members of my executive leadership team will reduce their base salaries by 20 per cent for the coming fiscal year while also forfeiting their FY23 corporate bonuses." Affected Zoom employees will get -- up to 16 weeks' salary and healthcare coverage, payment of your earned FY’23 annual bonus based on company performance, RSU and stock option vesting for 6 months for US employees and through August 9, 2023 for non-US employees, and Outplacement services that include 1:1 coaching, workshops, networking groups, and more.

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History of this topic

Zoom Lay Offs 150 Employees As Tech Companies Continue To Cut Costs
10 months, 2 weeks ago

Zoom Lay Offs 150 Employees As Tech Companies Continue To Cut Costs

News 18  

Zoom is laying off nearly 150 employees, or less than 2 per cent of the company’s workforce. In addition to Zoom, cloud software vendor Okta also announced to lay off about 400 employees, or about 7 per cent of its workforce. Okta CEO Todd McKinnon said that the “reality is that costs are still too high”. McKinnon said the firm …

Zoom wants workers back in office part-time
1 year, 4 months ago

Zoom wants workers back in office part-time

The Hindu  

The company whose name became synonymous with remote work is joining the growing return-to-office trend. Zoom, the video conferencing pioneer, is asking employees who live within a 50-mile radius of its offices to work onsite two days a week, a company spokesperson confirmed in an email. The statement said the company has decided that "a structured hybrid approach – meaning …

Former Zoom employee shares his layoff story, gets on LinkedIn to find a new job
1 year, 9 months ago

Former Zoom employee shares his layoff story, gets on LinkedIn to find a new job

India Today  

Back in 2020, when work from home became the new normal and offices shifted their entire operations online, Zoom saw a sudden boost in business. After hiring more and more people in 2020, Zoom announced mass layoffs last month and fired around 1,300 employees, saying goodbye to around 15 per cent of its team. Former Zoom employee's post Taking to …

Zoom fires president Greg Tomb without any cause amid layoffs
1 year, 9 months ago

Zoom fires president Greg Tomb without any cause amid layoffs

India TV News  

Zoom, the popular video communication company, has made headlines again after firing its President, Greg Tomb, without apparent reason. This sudden firing comes just a few weeks after Zoom CEO Eric Yuan announced that the company would let go of around 1,300 employees, about 15% of its workforce. Yuan also mentioned in his email to employees that he would be …

Zoom abruptly fires its president Greg Tomb after announcing 1,300 layoffs
1 year, 9 months ago

Zoom abruptly fires its president Greg Tomb after announcing 1,300 layoffs

India Today  

Video communications company Zoom made headlines last month when its CEO, Eric Yuan, announced the company’s decision of letting go of 1,300 employees. In a regulatory filing, Zoom announced its president Greg Tomb’s employment termination ‘without any cause’. Zoom fires president Greg Tomb As per reports, a spokesperson for the company announced that as of now, they are not looking …

Zoom to slash jobs for nearly 1,300 employees, CEO will take 98% pay cut
1 year, 10 months ago

Zoom to slash jobs for nearly 1,300 employees, CEO will take 98% pay cut

Hindustan Times  

Zoom on Tuesday announced that it will lay off about 1,300 employees, or approximately 15 per cent of its staff, becoming the latest tech company to announce significant job cuts. Yuan stated the company staffed up "rapidly" during the early days of the pandemic to support the increase in demand as people started using Zoom to video chat with friends …

Zoom to shed about 1,300 jobs as pandemic-fuelled demand slows
1 year, 10 months ago

Zoom to shed about 1,300 jobs as pandemic-fuelled demand slows

The Hindu  

Zoom Video Communications Inc said on Tuesday it would cut about 1,300 jobs, as demand for the company’s video conferencing services slows with the waning of the pandemic, and take a related charge of up to $68 million. While announcing the layoffs, which will hit nearly 15% of its workforce, Chief Executive Officer Eric Yuan said he would take a …

Video conferencing platform Zoom cuts staff by 15 per cent
1 year, 10 months ago

Video conferencing platform Zoom cuts staff by 15 per cent

New Indian Express  

SAN FRANCISCO: The company behind the Zoom video conferencing platform -- which became a household name during the pandemic -- announced Tuesday it is laying off about 15 per cent of its staff. Zoom Video Communications chief executive Eric Yuan is also taking a 98 per cent cut in salary this year and forgoing his executive bonus, he said in …

Better.com CEO Vishal Garg who fired 900 employees on Zoom call to take 'time off'
3 years ago

Better.com CEO Vishal Garg who fired 900 employees on Zoom call to take 'time off'

India TV News  

Highlights Better.com CEO Vishal Garg recently received major backlash for firing 900 employees over Zoom call Garg's leave is effective immediately, according to a Friday email from company's board of directors Better.com is hiring a third-party firm to do a "leadership and cultural assessment" Indian-origin CEO of Better.com Vishal Garg, who recently received a major backlash for firing 900 employees …

CEO who laid off 900 employees over Zoom call takes time off as company looks to build 'positive culture'
3 years ago

CEO who laid off 900 employees over Zoom call takes time off as company looks to build 'positive culture'

Firstpost  

On 1 December over a Zoom call that lasted less than three minutes, Garg abruptly fired more than 900 employees, about 9 percent of the company’s workforce. New York: Vishal Garg, the Indian-origin CEO of US-based homeownership firm Better.com, who recently laid off 900 employees over a Zoom call and triggered widespread outrage, is taking time off from the company …

Better.com CEO Vishal Garg fires 900 employees from India, US over Zoom call. Viral video
3 years ago

Better.com CEO Vishal Garg fires 900 employees from India, US over Zoom call. Viral video

India Today  

Vishal Garg, Better.com CEO, fired 900 employees from his company in India as well as in the United States over a Zoom call on December 1. A video of the Zoom call meeting has gone crazy viral on social media where the CEO was seen announcing his decision to the employees. It’s been a really, really challenging decision to make.” …

Even the chief executive of Zoom says he has ‘Zoom fatigue’
3 years, 7 months ago

Even the chief executive of Zoom says he has ‘Zoom fatigue’

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s a record that some may be able …

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