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 reducing his salary by 98% for the coming fiscal year and forgoing his corporate bonus. In addition to the layoffs, Zoom's CEO also announced that he would be reducing his salary for the coming fiscal year by 98% and letting go of his yearly corporate bonus.

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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 …

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 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 …

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 …

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 …

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