Zoom is the latest tech firm to announce layoffs, and its CEO will take a 98% pay cut

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Zoom CEO and founder Eric Yuan speaks before the Nasdaq opening bell ceremony in April 2019. The company saw rapid growth during the pandemic but is now laying off about 15% of its workforce. Kena Betancur/Getty Images

Kena Betancur/Getty Images

Zoom, which became a hallmark of the COVID-19 pandemic, is the latest tech company now turning to layoffs as it looks to navigate life after it.

The company is laying off some 1,300 employees, or about 15% of its workforce, CEO Eric Yuan

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