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Zoom is cutting back on its stock-based compensation, according to a recent report byBloomberg.
Put simply, we are granting too much equity and must proactively reduce it.
Zoom’s usage lives up to its name
Yuan added: This issue isnt unique to Zoom; our peer group is facing similar challenges.
More broadly, Zoom has struggled with the tough economic conditions that followed the pandemic.
The companys biggest pandemic-induced layoff, affecting around 1,300 workers, happened in February 2023.
Since then, a series of other redundancies have followed including around 150 workers earlier this year.
TechRadar Proasked Zoom to comment on the stock-based compensation decision.
Any update will be posted here.