Another Tech Company Now Lays Off 150 Employees

February 2, 2024

Another tech company now lays off 150 employees to dial in on more critical roles for the future, a spokesperson said.

Zoom has confirmed that the company will lay off about 150 employees, or 2% of their 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.”

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.

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, reports CNBC.

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.

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.

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An essential retailer is now laying off 145 employees, mostly in its corporate workforce, a spokesperson confirmed.

In November, Walgreens laid off 5% of its corporate workforce, capping off a year of hundreds of announced store closures, a previous round of layoffs and turnover in the C-suite.

The latter included the departure of its CEO, CFO, CIO, chief medical officer and chief marketing officer, RetailDive reports.

In June, the retailer said it would close 150 stores in the U.S. and 300 in the U.K., part of a cost-cutting effort that targets at least $800 million in savings in 2024, for an accumulation of $4.1 billion in savings.

The company has a ways to go in that plan, however.

“While Walgreens continues to progress on reducing costs and delivering on our commitments to be the independent healthcare provider of choice, we still have significant cost savings and growth goals to deliver,” the spokesperson said.

“To help us achieve these goals we have made the difficult but necessary decision to lay off 145 team members primarily from our corporate workforce.”

Last month the retailer slashed its dividend as it reported a fiscal Q1 dragged down by its U.S. stores, where sales fell 6.1%, and comparable retail sales fell 5%.

At the company’s U.K. Boots locations, by contrast, retail comps rose 9.8% year over year, store footfall rose 7% and its retail market share grew for the 11th straight quarter, led by beauty.

Walgreens has also announced that the Duane Reade location in Midtown Manhattan, New York, will shutter in weeks.

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