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Yuan also said that he will take a salary cut of 98% for the coming fiscal year, foregoing his fiscal 2023 corporate bonus.
The video conferencing software maker also said that its executive leadership team will reduce their base salary by 20% in the same period.
A raft of U.S. companies from Goldman Sachs Group Inc (NYSE:GS) to Alphabet (NASDAQ:GOOGL) Inc have laid off thousands this year to ride out a demand downturn wrought by high inflation and rising interest rates.
