A Zoom spokesperson said the Silicon Valley firm is not looking for a replacement for its president Greg Tomb who was fired. Tomb reported to CEO Eric Yuan.
Analysts predict the AI tech will be a major driver for future growth for the tech industry, which has been grappling with slowing demand amid recessionary fears.
Zoom’s Head of Global Education has been included in mass layoffs that will affect about 15 percent of its workforce.
Announcing the layoffs, Chief Executive Eric Yuan also said that he will take a salary cut of 98% for the coming fiscal year, foregoing his fiscal 2023 corporate bonus.
A Colombian judge has been suspended after she was seen smoking in bed during a virtual court hearing.
The stock was down 9% in premarket trading on Tuesday after the company cut its annual sales forecast and posted its slowest quarterly growth, prompting at least six brokerages to cut their price targets.
Zoom chief financial officer Kelly Steckelberg said during a post-earnings call that the company's online business would decline nearly 8% during the year.
The company says that it is an all-in-one platform which combines Webinars, Meeting and Team Chat in one package
Shares of the pandemic darling fell 7% in extended trade after it reported its slowest quarterly revenue growth on record at 8%, as people switched to in-person meetings from virtual conversations.
Velchamy Sankarlingam, president of product and engineering, Zoom, sheds light on how the platform has evolved over the past two years and what lies ahead as the world moves towards more hybrid ways of living and working.
P&O Ferries is one of the UK's leading ferry companies and carries over 10 million passengers a year. However, its demand slumped in the pandemic.
The latest round of layoffs have reportedly started, with an employee telling TechCrunch that affected workers have started receiving severance money through the company’s payroll app with no communication from Better.com executives.
For most of 2021, Indian-origin Vishal Garg’s Better.com was hiring actively in the United States and in India.
Better.com CEO Vishal Garg laid off 900 employees in a single Zoom call in December 2021.
Vishal Garg had apologised for his manner of handling layoffs at Better.com after a video of him firing 900 people via a Zoom call went viral on social media
WhatsApp, Telegram and Snapchat were popular as well
The Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF) have written to the Reserve Bank of India (RBI) expressing concerns that a disruption in digital payments could lead to loss of revenue to the tune of 20% to 40% for digital businesses.
Anand Mahindra, who joined hundreds of others in slamming Better.com CEO Vishal Garg, had some strong words for the manner in which he carried out the layoffs.
Anand Mahindra retweeted several people replying to his question, with most of them slamming Better.com's Vishal Garg for his actions.
Vishal Garg, who has come under intense criticism after SoftBank-backed Better.com laid off about 9% of its workforce through the video call, said he had "bl.
Vishal Garg said 15 per cent of employees of the New York-headquartered Better.com have lost their jobs as part of the lay-offs.
Five9 presented an attractive means to bring to customers an integrated contact center offering, Zoom CEO Eric Yuan said on Thursday.
A new study indicates that with too much webcam use, people are increasingly dissatisfied with how they look and it’s giving rise to body image issues.
According to the company the feature will help children stay attentive during classes