Zoom will lay off 1,300 employees and CEO is taking a massive pay cut

Zoom will lay off 1,300 employees and CEO is taking a massive pay cut

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Zoom on Tuesday said it will lay off about 1,300 employees, or approximately 15% of its staff, becoming the latest tech company to announce significant job cuts as a pandemic-fueled surge in demand for digital services wanes. In a memo to employees, Zoom’s CEO Eric Yuan said the layoffs would…

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