Zoom to reduce 1,300 tasks; chief executive officer Eric Yuan will certainly take 98% pay reduced

Zoom Video Clip Communications will certainly dismiss 15% of its labor force, or regarding 1,300 tasks, President Eric Yuan claimed in article on Tuesday, sending out the business’s shares up 7%.

Yuan likewise claimed that he will certainly take a wage cut of 98% for the coming , foregoing his financial 2023 company reward.

The video clip conferencing software application manufacturer likewise claimed that its executive management group will certainly minimize their base pay by 20% in the exact same duration.

A boating people business from Goldman Sachs Team to Alphabet have given up thousands this year to come through a need decline functioned by high rising cost of living as well as climbing rates of interest