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Zoom is cutting about 150 jobs, or close to 2% of its workforce (www.cnbc.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Zoom is cutting about 150 jobs, or close to 2% of its workforce::Zoom on Thursday confirmed that it's cutting about 2% of its workforce, becoming the latest tech company to announce layoffs.

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[–] NewNewAccount@lemmy.world 8 points 9 months ago (1 children)

So the company whose product helped facilitate remote work stock has returned to its pre-pandemic price? Not that surprising. Hardly on its last legs.

[–] killeronthecorner@lemmy.world 3 points 9 months ago

Yes the markets love stagnation. I bet the investors who bought during the pandemic are thrilled!

Lay offs must be the start of the journey, right?