Zoom Video Communications (NASDAQ:ZM) layoffs are coming to the communications platform prepares to cut roughly 150 jobs.Zoom notes that these layoffs will affect less than 2% of the company’s employees. They also aren’t companywide as the video meeting company plans to continue hiring across several other departments.Here’s what a Zoom spokesperson had to say about the layoffs in a statement to CNBC.“We regularly evaluate our teams to ensure alignment with our strategy. As part of this effort, we are resco ...

Shares of communications technology company Zoom Video Communications (ZM 0.37%) fell 10.2% in January, according to data provided by S&P Global Market Intelligence. There was little news to speak of during the month. However, CFO Kelly Steckelberg spoke at the 26th annual Needham Growth Conference on Jan. 11. And the talk did little to inspire investors.Growth could remain elusive for ZoomI believe it's important to frame this by pointing out Zoom's resilience. Few businesses have ever grown as fast as Zoo ...

Zoom Video Communications cut about 150 jobs, or less than 2% of its workforce, this week.At the same time, the company will continue hiring for positions related to artificial intelligence (AI), sales and engineering, Bloomberg reported Thursday (Feb. 1), citing an unnamed source.A spokesperson for the company told the media outlet that Zoom is rescaling roles and adding capabilities for the future, and that the company regularly evaluates its teams to ensure alignment with its strategy, per the report.Dur ...

Zoom Video Communications Inc. ZM, -0.03% said Thursday it will reduce its workforce about 2%, according to reports in the Wall Street Journal and Bloomberg. The job cuts will be division by division, a person familiar with the matter said Thursday. A company spokesperson said the company routinely evaluates its teams “to ensure alignment with our strategy. As part of this effort, we are rescoping roles to add capabilities and continue to hire in critical areas for the future” such as artificial intelligen ...

Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on September 25, 2019.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. A Zoom spokesperson confirmed the cuts amount to less than 2% of the company's workforce. "We regularly evaluate our teams to ensure alignment with our strategy," the spokesperson told CNBC in a statement. "As part of this effort, we are rescopi ...

The latest trading session saw Zoom Video Communications (ZM) ending at $68.93, denoting a +1.76% adjustment from its last day's close. This change outpaced the S&P 500's 0.76% gain on the day. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.Heading into today, shares of the video-conferencing company had lost 5.8% over the past month, lagging the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5% in that time.Analysts and investors alike will be keep ...

The spread of COVID-19 emptied out offices around the world. Employees at all levels worked from home and relied on enhanced cybersecurity protocols and video conferencing tools to stay productive.One company that played a big role in the shift to remote work was Zoom Video Communications (ZM 0.80%). Unsurprisingly, Zoom experienced unparalleled demand as businesses required the ability to meet virtually. Moreover, as corporate executives touted the benefits of remote work, many started to believe that retu ...

Zoom Video Communications (ZM) ended the recent trading session at $69.59, demonstrating a +0.8% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.22%. Meanwhile, the Dow experienced a rise of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.32%.The the stock of video-conferencing company has fallen by 4.77% in the past month, lagging the Computer and Technology sector's gain of 3.64% and the S&P 500's gain of 1.61%.The upcoming earnings release of ...

When videoconferencing software company Zoom Video Communications (ZM -0.93%) held its initial public offering (IPO) in 2019, shares began trading around $65. Today, Zoom trades at only $70. In short, it hasn't helped anyone become a millionaire so far -- it's losing to the market, after all.Counterintuitively, Zoom's business is mind-numbingly bigger now than it was then. In less than five years, its trailing-12-month (TTM) revenue is up close to 1,300%, and it continues to climb. And it has a $6.5 billion ...

Zoom Video Communications (ZM) closed the most recent trading day at $69.10, moving -1.93% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, lost 0.19%.Heading into today, shares of the video-conferencing company had lost 1.26% over the past month, lagging the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56% in that time.The investment community will be closely monitoring ...