Zoom lays off 1,300 workers as CEO vows to cut his salary by 98 percent

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On Monday, Zoom CEO Eric S. Yuan announced that his company would be laying off over 1,000 employees, making it the latest tech giant to slash its workforce in recent weeks.

Yuan took responsibility for the cuts and vowed to implement changes to management’s pay, including reducing his salary by a whopping 98 percent in Fiscal Year 2023.

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