Zoom Tech Company Releasing 15% Of Workforce

The Zoom tech company is laying off some of its workforce and letting go of 15% of their employees which is about 1,300 positions.

The company's CEO said he will be taking a 98% pay cut and will be forfeiting his bonus this year.

Other Zoom executives are taking a 20% pay cut and will also be forfeiting their 2023 bonuses.