Zoom's CEO will take a $10,000 salary this year, a 98% pay cut, after laying off 1,300 workers because of 'mistakes' he made growing the company

• Zoom CEO Eric Yuan is taking a pay cut of 98%, and will earn just $10,000 in salary this year.
• The tech company announced it was laying off 1,300 workers. Yuan blamed it on "mistakes" he made.
• "I want to show accountability not just in words but in my own actions," he told staff.

The CEO of video-calling company Zoom is taking a 98% pay cut after laying off 1,300 workers.

Eric Yuan said on Tuesday that Zoom was letting around 15% of its workforce go, which he said would affect teams across the company. Like many other companies that have recently announced layoffs, he attributed the move to over-hiring during the pandemic.