Adding to the list of companies that will fire its employees is now the American communications technology company Zoom.
The San Jose-based tech giant has been reported to fire an estimated 1,300 employees from its workforce which is a 15% cut from its global employee work pool.
While the winters are receding and nearing an end, the winter lay-off season of tech biggies across the globe does not seem to recede anytime soon.
Eric Yuan, the chief executive of Zoom said in the latest official blog that the affected employees will be given company’s benefits, including a salary of up to 16 months, along with healthcare coverage and restricted stock units, among others.
Yuan has called the affected employees as ‘hard-working and talented colleagues.
“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,” said Yuan.
Support for ‘Zoomies’ outside the US will be similar and will take into account local laws, he added.
“We built Zoom to remove the friction that businesses felt when collaborating. Our trajectory was forever changed during the pandemic when the world faced one of its toughest challenges, and I am proud of the way we mobilized as a company to keep people connected,” said the chief executive.
To make this possible, the company is in dire need of staffing up soon for supporting the quick rise of users on the company’s platform and their evolving needs.
“Within 24 months, Zoom grew 3x in size to manage this demand while enabling continued innovation,” added Yuan.
Laid-off Zoom employees in the US will be given:
- Not more than 16 weeks’ salary,
- healthcare coverage, and
- payment of earned fiscal 2023 annual bonus based on company performance.
