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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

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.

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