- Zoom on Thursday confirmed that it's cutting about 2% of its workforce.
- "We regularly evaluate our teams to ensure alignment with our strategy," a spokesperson told CNBC in a statement.
- Last February, Zoom eliminated around 1,300 positions, or about 15% of its workforce, as the company braced for the "uncertainty of the global economy."
Zoom is cutting about 150 jobs, CNBC confirmed on Thursday, the latest tech company to slash headcount this year as investors continue to push for efficiency.
The company confirmed the cuts amount to less than 2% of the company's workforce.
"We regularly evaluate our teams to ensure alignment with our strategy," a Zoom spokesperson told CNBC in a statement. "As part of this effort, we are rescoping roles to add capabilities and continue to hire in critical areas for the future."
Get top local stories in Philly delivered to you every morning. >Sign up for NBC Philadelphia's News Headlines newsletter.
Zoom said the layoffs are not companywide, and added that it will continue to hire for roles in artificial intelligence, sales, product and across operations in 2024.
The cuts at Zoom were first reported by Bloomberg.
As of Thursday, more than 100 tech companies have laid off about 30,000 employees to start the year, according to layoffs.fyi. January was the busiest month for job cuts in the industry since March.
Money Report
Last month, Microsoft cut 1,900 positions in its gaming division; Google said it's eliminating hundreds of roles across the company; and Amazon laid off employees across its Prime Video, MGM Studios, Twitch and Audible divisions.
In addition to Zoom, cloud software vendor Okta announced a downsizing on Thursday, telling employees that it's laying off 400 staffers, or about 7% of its workforce.
Zoom exploded in popularity at the start of the Covid-19 pandemic as workers turned to the video-conferencing platform to stay in touch with colleagues, friends and family. But as the pandemic subsided and many workers returned to in-person roles, Zoom's stock has stumbled.
Zoom shares are down about 10% this year and have dropped almost 90% from their record high in October 2020.
Last February, Zoom cut around 1,300 workers, or about 15% of its workforce, as the company braced for the "uncertainty of the global economy," CEO Eric Yuan said at the time. The cuts in 2023 hit every organization across Zoom.
WATCH: Recent tech layoffs isn't a moment where AI is replacing engineers
Don't miss these stories from CNBC PRO:
- Forget the 'Magnificent 7,' these Nasdaq stocks are next in line to lead the rally, according to the charts
- Nvidia is now 'deeply overbought' and due for 'consolidation,' says chart analyst
- Eli Lilly's Zepbound is off to a strong start, but here's what needs to happen to push shares higher
- Investors are shifting into this type of bond fund at the fastest pace in three years