Zoom to lay off around 1,300 employees, CEO Eric Yuan taking 98 per cent pay cut

California, February 8

Zoom on Tuesday announced that it will lay off about 1,300 employees, or approximately 15 per cent of its staff, becoming the latest tech company to announce significant job cuts. In a message to employees on Zoom Blog, Zoom’s Chief Executive Officer Eric Yuan said the layoffs will impact every part of the organization.

“We have made the tough but necessary decision to reduce our team by approximately 15 per cent and say goodbye to around 1,300 hardworking, talented colleagues,” Eric Yuan wrote.