



Recruiting News Network
Recruiting
News
OperationsThe Recruiting Worx PodcastMoney + InvestmentsCareer AdviceWorld
Tech
DEI
People
People on the Move
The Leaders
The Makers
People
People on the Move
The Leaders
The Makers
Brand +
Marketing
Events
Labor +
Economics
SUBSCRIBE





Workforce Reduction

Zoom to lay off 2% of workforce to boost margins

February 2, 2024

Workforce Reduction

Zoom to lay off 2% of workforce to boost margins

February 2, 2024

Photo by Iyus sugiharto on Unsplash

Zoom has decided to reduce its workforce by less than 2%, joining a growing list of tech companies that have initiated job cuts this year.  

The layoffs at video-conferencing giant, which saw a surge in popularity during the Covid-19 pandemic, come amid a push for greater efficiency, demanded by investors.

Nearly 150 employees will be impacted by the decision.  

In a statement to CNBC, a representative for Zoom said: “We regularly evaluate our teams to ensure alignment with our strategy. As part of this effort, we are rescoping roles to add capabilities and continue to hire in critical areas for the future.”

The layoffs, which are not companywide, will not affect Zoom’s hiring plans for roles in artificial intelligence, sales, product, and operations in 2024.  

As of 1 February 2024, the tech industry has seen more than 100 companies lay off approximately 30,000 employees since the beginning of the year, according to layoffs.fyi.


Read full article here

The layoffs will not affect the company’s hiring plans for roles in AI, sales, product, and operations in 2024.

What we're reading

‘We’re all fighting the giant’: Gig workers around the world are finally organizing

by
Peter Guest
-
rest of world

Gig workers are connecting across borders to challenge platforms’ power and policies

Got Zoom fatigue? Out-of-sync brainwaves could be another reason videoconferencing is such a drag

by
Dr. Julie Boland
-
The Conversation

I was curious about why conversation felt more laborious and awkward over Zoom and other video-conferencing software.

How to Purchase an Applicant Tracking System

by
Dave Zielinski
-
SHRM

Experts say the first step in seeking a new ATS should be to evaluate your existing recruiting processes.

View All Articles

Events

Hire Virtue's Hiring Blitz & Job Fair

Houston, TX
-
to
August 6, 2025
View All Events
Related Articles

Amazon Layoffs Come for Goodreads and Kindle Employees Next

Ava Martinez

June 9, 2025

Nursing Shortage Crisis: How to Attract & Retain Nurses in 2025 and Beyond

Michelle Whiffen

June 6, 2025

© 2024 recruiting news network.
all rights reserved.



Categories
Technology
Money
People
TA Ops
Events
Editorial
World
Career Advice
Resources
Diversity & Inclusion
TA Tech Marketplace
Information
AboutContactMedia KitPrivacy Policy
Subscribe to newsletter
