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Zoom lays off 1,300 employees, CEO takes 98% pay cut
short by Pragya Swastik / on 07 Feb 2023,Tuesday
Zoom Video Communications will lay off 15% of its workforce, or about 1,300 employees, CEO Eric Yuan said in a blog post. Citing the "uncertainty of the global economy", Zoom's CEO called the layoffs a "tough but necessary decision". He added, "I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus."
short by Pragya Swastik / 11:30 pm on 07 Feb
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