'He's baited you' | Zoom CEO cuts own pay by 98% after 1,300 layoffs - here's why many think it's a stunt

The CEO of Zoom has attracted both praise and condemnation after revealing he has slashed his own salary by 98% in the wake of the firm’s mass redundancies.

Eric Yuan, who also founded the video conferencing software company announced that 1,300 employees would lose their jobs – approximately 15% of the entire workforce – after a recent slump in profits and user growth.