Zoom CEO Is Taking a Ninety-Eight Percent Salary Pay Cut Along with Laying Off 1,300 Employees

[Peter_Brosdahl]

Mr. Yuan, who is also the found of Zoom, took responsibility for the current state of the company and explained in a blog post that for the reminder of FY23 that he will take a 98% salary paycut and also forgo his FY23 corporate bonus, while reducing the Zoom workforce by around 15%, or 1,300 employees. Other Executive positions will see a 20% salary reduction and also forfeit their corporate bonuses for the year.

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