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The AI Land Grab Has Started
Motley Fool Money
Zoom Video - The Latest Company to Announce Layoffs
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Jason Moser: Shares of Zoom video popped 7% in the middle of the day when CEO Eric Yuan posted a memo to his company online announcing that 15% of the staff is going to be laid off. He says he understands why they have become the latest company to announce layoffs, but it's not surprising at all given what we've seen play out over the last few years. Moser: This was a business that found itself in a very tricky position early on. And it makes sense that they have to right size a little bit.
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