After the Silicon Valley giants announced in recent months about huge layoffs to deal with the end of the Corona era and the change in the order of priorities in the global economy, the company that has become most identified with remote work is also making a similar move.
The "Zoom" company announced a cut of about 15 percent of its workforce, which will be expressed in the dismissal or voluntary departure of about 1,300 people.
Corona tests in China (archive), photo: GettyImages
The CEO of the company, which soared during the Corona crisis almost out of nowhere after country after country began to impose closures and put the economy into a hybrid or full remote work mode, announced that he is also cutting his salary by about 98% and giving up his bonus.
The other executives in the company will also cut their salaries by about 20 percent and give up their bonuses.
The new situation, created in view of the end of the emergency restrictions almost all over the world against the background of the new approach in dealing with the Corona virus, has led to the fact that the mass recruitments carried out by technology companies during the closures of the last two years, no longer justify themselves and burden the profit.
As a result, and in view of the erosion of the value of the companies on the stock exchanges and the rampant inflation, many of them began to carry out mass layoffs.
were we wrong
We will fix it!
If you found an error in the article, we would appreciate it if you shared it with us
