Zoom (NASDAQ:ZM) will lay off 1,300 jobs, with CEO Yuan Zheng cutting his own pay and forgoing bonuses

Zoom (NASDAQ:ZM) CEO Yuan Zheng said on a blog post that the company will cut about 1,300 jobs as part of the restructuring. Yuan Zheng said he was responsible for the company’s problems, and he would cut his salary and give up bonuses.