Zoom is cutting about 150 jobs, or close to 2% of its workforce
Publishing timestamp: 2024-02-01 17:21:37
Summary
Zoom is cutting about 2% of its workforce, amounting to approximately 150 jobs. This comes as many tech companies have been slashing headcount this year. Despite its initial popularity during the pandemic, Zoom's stock has been declining, and the company is making these cuts to align with its strategy.
Sentiment: NEGATIVE
Tickers: MSFT, GOOGL, ZM, AMZN, OKTA,
Keywords: okta inc, amazon.com inc, layoffs, technology, breaking news: technology, alphabet inc, media, internet, microsoft corp, business news, enterprise, zoom video communications inc, breaking news: business,
Source: https://www.cnbc.com/2024/02/01/zoom-layoffs-company-cuts-150-employees-2percent-of-workforce.html