Zoom says competition and job cuts haven’t hurt its business
[ad_1]
The video-conferencing company sells software to industries like tech and finance which have been hit by large layoffs. But because most contracts are long-term, the job cuts haven’t hurt Zoom, Tomb said.
Zoom Video Communications Inc. President Greg Tomb said the collaboration software business has held up in the face of widespread layoffs and competition.
The video-conferencing company sells software to industries like tech and finance which have been hit by large layoffs. But because most contracts are long-term, the job cuts haven't hurt Zoom, Tomb said in an interview with Bloomberg in Davos, Switzerland.
“It doesn't mean people don't fine-tune here or there when they come up for renewal, but it has not been a big impact,” he said.
T...