Zoom Video Communications Inc. (NASDAQ: ZM) surged in early session on Wednesday as it plans to cut about 1,300 jobs as demand for the company's video conferencing services declines with the end of the pandemic, and to take a $68 million charge as a result. The company's shares, which fell 63% last year amid a rout in technology stocks, closed 9.9% higher on the news but were marginally lower in extended trading. While announcing the layoffs, which will affect nearly 15% of the company's workforce, CEO Eric Yuan stated that...