Here's today's recap with major headlines from Zoom, OnePlus, and Meta.

1. Zoom's CEO Eric Yuan announced that the company laid off 1,300 employees, which is approximately 15% of its workforce. The layoff is part of Zoom's efforts to improve its profitability after experiencing rapid growth during the COVID-19 pandemic. Q: Does your organization use Zoom, Skype, or Teams? Which do you prefer and why? Tell us on Inside.com.

2. OnePlus announced a new tablet, the "OnePlus Pad," which is set to compete with the Apple iPad. The device will feature an 11-inch display, 5G connectivity, and run on the company's latest OxygenOS software. Q: Are you a devout Apple iPad user, or would you be willing to switch to OnePlus? Let us know on Inside.com.

3. Meta began flattening its organizational structure, asking many of its senior staff to become more involved at a granular level or resign. The company has stated that the changes are being made to focus on its core business as it seeks to make 2023 the "Year of Efficiency." Q: Do you believe flattening affects staff morale? Share your thoughts on Inside.com.

4. Global spending on technology software and cloud services is expected to grow by 5.4% this year, compared to 7.4% last year, reaching $1.8 trillion. The growth will be driven by increased adoption of cloud services and digital transformation initiatives by businesses.

5. Wiz, a cloud security company headquartered in New York, opened a data center in Sydney, Australia, to meet the growing demand for cloud-based services in the region. Local customers such as TechnologyOne and OFX welcomed Wiz's new cloud-based services.

6. As more companies undergo a digital transformation, the importance of corporate boards being aware of cybersecurity risks increases. But a recent report from the Diligent Institute shows that directors considered cyber/data security the most challenging task to oversee. The report also highlighted that 47% of directors were engaging in education programs to address compliance with new proposed regulatory requirements surrounding cybersecurity disclosures.

7. A new report by Wiz revealed that 12% of VMware ESXi servers remain vulnerable to an attack from the “ESXiArgs” ransomware. This vulnerability allows an attacker to execute code remotely, potentially giving them complete control over the affected system, making it crucial for administrators to apply the patch as soon as possible.