Zoom Video Communications Inc. is eliminating 15% of its workers as the service that became ubiquitous during the pandemic adapts to slower growth.
The company will cut about 1,300 jobs as part of a restructuring, Chief Executive Officer Eric Yuan said Tuesday in a blog post. Yuan called himself “accountable” for the company’s issues and said he would reduce his salary and forgo his bonus.
https://www.bloomberg.com/news/articles/2023-02-07/zoom-to-cut-1-300-jobs-as-ceo-yuan-reduces-pay-forfeits-bonus?leadSource=uverify%20wall