Zoom Video Communications Inc has said it would cut about 1,300 jobs and take a related charge of up to $68m as demand for its video conferencing services slows with the waning of the pandemic.The company’s shares, which fell 63 percent last year amid a rout in technology shares, closed up 9.9 percent on the news but were down marginally in extended trading.While announcing the layoffs on Tuesday, which will hit nearly 15 percent of its workforce, Chief Executive Officer Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.
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