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Zoom begins layoffs, to sack around 1,300 employees; CEO Eric Yuan taking 98% pay cut

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Content Team
Image Credit: Forbes

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.