Zoom CEO Eric Yuan Takes 98% Pay Cut, Cuts 15% of Workforce Amid Economic Uncertainty

Zoom will lay off 1,300 employees and CEO is taking a massive pay cut

Zoom on Tuesday said it will lay off about 1,300 employees, or approximately 15% of its staff, becoming the latest tech company to announce significant job cuts as a pandemic-fueled

Zoom CEO to accept a 98% pay cut after laying off 1,300 workers

The salary of the CEO of Zoom, Eric Yuan, will be $490,000 thousand. “I want to show responsibility not just with words but with my own actions,” he said in a statement to his workers

Zoom is the latest tech firm to announce layoffs, and its CEO will take a 98% pay cut

Zoom, which became a hallmark of the COVID-19 pandemic, is the latest tech company now turning to layoffs as it looks to navigate life after it.The company is laying off some 1,300 employees, or about 15% of its workforce, CEO Eric Yuan announced Tuesday in a note to staff. He did not specify the breakdown of U.S. and non-U.S. employees."As the world transitions to life post-pandemic, we are seeing that people and businesses continue to rely on …

Zoom slashes staff by 15%

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Zoom lays off 15% of workforce as ‘world transitions to life post-pandemic’

Zoom CEO Eric S. Yuan wrote that he would be reducing his own salary by 98% and forgoing a corporate bonus due to "mistakes" he was responsible for.

Zoom will lay off 1,300 employees and CEO is taking a massive pay cut

In a memo to employees, Zoom's CEO Eric Yuan said the layoffs would impact every part of the organization.