Zoom layoff 1300
Zoom layoffs 1300 or 15% employees on tuesday.
Sometimes you wonder what a company that’s pure software with just one product was doing with 8K+ employees
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Highlights from TownHall
CEO taking 98% pay cut
Execs taking 20% pay cut
Severance:
Up to 16 weeks’ salary and healthcare coverage
• Payment of your earned FY’23 annual bonus based on company performance
• RSU and stock option vesting for 6 months for US employees and through August