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Zoom’s decision to lay off 15% of employees, cut CEO pay by 98%FGN News

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FGN News,

Zoom’s decision to lay off 15% of employees, cut CEO pay by 98%

WASHINGTON (Pakistan Daily Online) Zoom video conferencing platform, which has become a big name during the pandemic, has announced that it has laid off 15 percent of its staff.

Eric Yuan, chief executive of Zoom Video Communications, is also taking a 98 percent pay cut this year and forgoing his executive bonus.

He said in a blog post that members of his executive leadership team are taking a 20 percent pay cut this year and are not getting bonuses.

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