FILE PHOTO: A man walks past a temporary show room of Zoom on the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 16, 2023. REUTERS/Arnd Wiegmann
(Reuters) -Zoom Video Communications Inc said on Tuesday it would cut about 1,300 jobs, as demand for the company's video conferencing services slows with the waning of the pandemic, and take a related charge of up to $68 million.
The company's shares, which fell 63% last year amid a rout in technology shares, closed up 9.9% on the news but were down marginally in extended trading.
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