Article

2023-02-09 Economy

Zoom to cut 1,300 jobs — CEO Eric Yuan taking 98% pay cut

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Posted by Fred 2023-02-09 00:00|| || Front Page|| [11 views ] Top

#1
Did some digging on Eric Yuan.
Either he is a real hero trying to save his company and 1,000's of jobs and wanted to present he was also taking it in the shorts also.

Or if he took the pay cut to protect the company stock price and knowing his Monthly Income of $170M+ was enough to weather these trying times? Thus presenting a staged PR façade.

Note:He still owns 22% of Zoom

Posted by NN2N1 2023-02-09 04:35|| 2023-02-09 04:35|| Front Page Top

#2 Disney to lay off 7,000 workers

Posted by Frank G 2023-02-09 06:44|| 2023-02-09 06:44|| Front Page Top

#3 Zoom hired about 2000 or so from mid 2021 to Dec 2022

so they are basically cutting jobs for which they overhired

Yuan made $500k as base pay last year; will be $10k this year.

Of course that doesn't count various bonuses, options, etc.

Posted by lord garth 2023-02-09 09:24|| 2023-02-09 09:24|| Front Page Top

#4 Headcount is the corporate equivalent of a gummint department making sure its budget allocation is always spent to zero.

Managers who focus on upping their headcount are not doing the company any favors.

Posted by M. Murcek 2023-02-09 09:35|| 2023-02-09 09:35|| Front Page Top

#5 What are Zoom's CCP connections?

Posted by Woodrow 2023-02-09 09:41|| 2023-02-09 09:41|| Front Page Top

#6 Trump took a 100% cut.

Posted by Super Hose 2023-02-09 12:54|| 2023-02-09 12:54|| Front Page Top

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