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

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

NPR

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Zoom, a hallmark of pandemic life, is laying off some 1,300 employees, or about 15% of its workforce. CEO Eric Yuan said he and other executives will take pay cuts and forego bonuses.

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