Zoom is reducing its headcount by 15%.

The layoffs will affect about 1,300 of Zoom's employees, CEO Eric Yuan said in a blog post published Tuesday on the video communication company's website.

Yuan noted Zoom "needed to staff up rapidly to support the quick rise of users on our platform and their evolving needs" during the COVID-19 pandemic. The company's size tripled within two years, he said. 

"We didn't take as much time as we should have to thoroughly analyze our teams or assess if we were growing sustainably, toward the highest priorities," Yuan said in the blog post.... Read More: FOX Business