"Email In Next 30 Minutes...": Zoom CEO Announces 1,300 Job Cuts
NDTV
Zoom lay-offs: "If you are a US-based employee who is impacted, you will receive an email to your Zoom and personal inboxes in the next 30 minutes..." Zoom chief executive Eric Yuan said on a blog post
Communications technology firm Zoom will lay off some 1,300 employees or 15 per cent of its workforce, chief executive Eric Yuan said in the company's official blog today.
Calling the affected employees "hard-working, talented colleagues", Mr Yuan said they will get an email if they are based in the US and all non-US staff will be informed following local requirements.
"If you are a US-based employee who is impacted, you will receive an email to your Zoom and personal inboxes in the next 30 minutes that reads [IMPACTED] Departing Zoom: What You Need to Know. Non-US employees will be notified following local requirements," Mr Yuan said.
Departing full-time "Zoomies" - as Zoom employees are called by their CEO - in the US will be offered up to 16 weeks' salary and healthcare coverage, payment of earned fiscal 2023 annual bonus based on company performance, RSU (restricted stock units) and stock option vesting for six months for US employees and through August 9, 2023 for non-US employees.
