• <a fr-original-style="" href="https://edition.cnn.com/2023/02/07/tech/zoom-layoffs/index.html" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Zoom</a> said it will lay off about 1,300 employees —approximately 15% of its workforce— becoming the latest tech company to announce significant job cuts. In a memo to employees, Zoom’s CEO Eric Yuan said the layoffs would impact every part of the organization, adding that he and other executives would take a significant pay cut.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">The quote: Yuan wrote, "As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today . . . To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus."</li></ul>

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