The CEO of Zoom has said he will lay off approximately 1,300 employees, 15 percent of the company's workforce, as well as slashing his own $1.1M salary of 98 percent.
Eric Yuan posted the notice to employees on , letting them know that those impacted by the layoffs will received an email on Tuesday.
Yuan said the layoffs will impact every department in the company, and that fired employees will receive up to 16 weeks salary and healthcare coverage.
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