
KEY POINTS
- Video-conferencing platform Zoom announced that it will cut about 150 jobs or nearly 2% of its workforce
- Identity management company Okta said Thursday that it would be reducing its workforce by 7%
- Other tech companies like Block, PayPal and Proofpoint are also taking measures to reduce their headcount
Mass layoffs in the tech industry continue as companies like Okta, Zoom, Block and PayPal reveal plans to slash their employee headcount.