Zoom lays off 15 per cent of workforce as CEO pledges 98 per cent pay cut

Pandemic darling to cut 1,300 jobs

clock • 3 min read
Zoom to lay off 15% of staff
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Zoom to lay off 15% of staff

CEO Yuan concedes the company did not take enough time to assess whether it was growing sustainably

Zoom Video Communications will cut about 1,300 roles, or about 15 per cent of its total workforce, CEO Eric Yuan revealed in an internal message to Zoom employees. Yuan said "each organisation" ...

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