Online Public Relations Thoughts

Zoom's CEO is setting an example by sharing the pain of layoffs.  He is cutting his pay by 98% and foregoing his corporate bonus.  The layoffs are severe -- 15% of the company.  He takes the blame for staffing up too much during COVID when everyone took to remote meetings.  Now that COVID is largely past and people are returning to offices, they don't need Zoom as much. His words announcing the cut are worth quoting.

“As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today– and I want to show accountability not just in words but in my own actions,”

More CEOs should operate in the same way.