Zoom is laying off 1,300 employees, around 15 percent of its workforce

Zoom is laying off about 15 percent of its staff, which means about 1,300 people will lose their jobs, according to a memo from Zoom CEO Eric Yuan that the company posted on its blog. “Each organization” at the company will be affected by the cuts, Yuan said.

The company scaled up rapidly as people shifted to remote work during the pandemic, and Zoom grew three times in size within 24 months. However, “we didn’t take as much time as we should...