Washington: Communications technology firm Zoom is laying off nearly 1,300 employees, or 15 percent of its workforce.

Chief Executive Officer Eric Yuan gave this information through the company’s official blog on Tuesday. Describing the affected employees as “hardworking, talented colleagues”, Yuan said us employees will receive an email and all non-US employees will be notified according to local requirements.

“If you’re a US-based employee who’s been affected, you’ll receive an email in your Zoom and personal inbox in the next 30 minutes. It will read [IMPACTED] departing zoom: what you need to know. Non-U.S. employees will be notified following local requirements.

Employees who have been affected in the U.S. will be offered 16 weeks of pay and healthcare coverage, payment of financial 2023 annual bonuses earned based on company performance, RSUs (restricted stock units) and stock option vestings for six months for U.S. employees and August 9 for non-U.S. employees until 2023.

Like Zoom, many other technology firms have also laid off employees recently. In fact, during the Covid-19 epidemic, people were working from home, so the global demand for communication software and services increased suddenly.

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