Zoom is cutting about 1,300 jobs as demand for its video-conferencing services slows. The company's CEO, Eric Yuan, said he would take a 98% pay cut and forgo his bonus. The layoffs will hit nearly 15% of the company's workforce, the company said.
Elon Musk and Vivek Ramaswamy, appointed as co-leads of President-elect Donald Trump's "Department of Government Efficiency" (DOGE), have detailed their plans in an op-ed published in The Wall Street Journal.
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