{"id":8893,"date":"2023-02-08T00:39:33","date_gmt":"2023-02-07T23:39:33","guid":{"rendered":"http:\/\/costops.com\/index.php\/2023\/02\/08\/zoom-cuts-workforce-by-15-as-pandemic-driven-demand-wanes\/"},"modified":"2023-02-08T00:39:33","modified_gmt":"2023-02-07T23:39:33","slug":"zoom-cuts-workforce-by-15-as-pandemic-driven-demand-wanes","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/02\/08\/zoom-cuts-workforce-by-15-as-pandemic-driven-demand-wanes\/","title":{"rendered":"Zoom cuts workforce by 15% as pandemic-driven demand wanes"},"content":{"rendered":"<p>CEO Eric Yuan says \u2018We worked tirelessly \u2026 but we also made mistakes\u2019 as he takes 98% pay cut for coming year<\/p>\n<p>Zoom is cutting about 1,300 jobs as demand for the company\u2019s video-conferencing services slows with the waning of the pandemic.<\/p>\n<p>While announcing the layoffs on Tuesday, which will hit nearly 15% of its workforce, the chief executive officer, Eric Yuan, <a href=\"https:\/\/blog.zoom.us\/a-message-from-eric-yuan-ceo-of-zoom\/\">said<\/a> he would take a pay cut of 98% for the coming fiscal year and forgo his bonus.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2023\/feb\/07\/zoom-layoff-cuts-workforce-by-15-percent\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/81cf454ac7368b5dfb1521d15d9deb8ba6d00409\/0_249_5368_3221\/master\/5368.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=c370ef70b09f07316178bfd489804655\" title=\"Zoom cuts workforce by 15% as pandemic-driven demand wanes\" \/>CEO Eric Yuan says \u2018We worked tirelessly \u2026 but we also made mistakes\u2019 as he takes 98% pay cut for coming year<br \/>\nZoom is cutting about 1,300 jobs as demand for the company\u2019s video-conferencing services slows with the waning of the pandemic.<br \/>\nWhile announcing the layoffs on Tuesday, which will hit nearly 15% of its workforce, the chief executive officer, Eric Yuan, said he would take a pay cut of 98% for the coming fiscal year and forgo his bonus. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CEO Eric Yuan says \u2018We worked tirelessly \u2026 but we also made mistakes\u2019 as he takes 98% pay cut for coming year Zoom is cutting about 1,300 jobs as demand for the company\u2019s video-conferencing services slows with the waning of the pandemic. While announcing the layoffs on Tuesday, which will hit nearly 15% of its &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/02\/08\/zoom-cuts-workforce-by-15-as-pandemic-driven-demand-wanes\/\"> <span class=\"screen-reader-text\">Zoom cuts workforce by 15% as pandemic-driven demand wanes<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":8894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/8893"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=8893"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/8893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/8894"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=8893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=8893"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=8893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}