---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-026913"
form_type: "8-K"
ticker: "ZM"
cik: "0001585521"
company_name: "Zoom Communications, Inc."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:53:01.206859+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Zoom to cut 15% of workforce (~1,300 employees); CEO reduces salary 98% to $10,000

## Summary
- Reduction of approximately 15% of workforce (around 1,300 employees) as part of restructuring plan.
- Expected charges of $50M-$68M, primarily in Q1 fiscal 2024, with $43M-$59M cash expenditures.
- CEO Eric Yuan reduces base salary by 98% to $10,000 for fiscal 2024; exec team takes 20% salary cut.
- Departing US employees offered up to 16 weeks' salary, healthcare, RSU/option vesting for 6 months.

## SEC filing metadata
- accession: 0001193125-23-026913
- form_type: 8-K
- ticker: ZM
- cik: 0001585521
- company_name: Zoom Communications, Inc.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1585521/000119312523026913/0001193125-23-026913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585521/000119312523026913/d460719d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-026913
- JSON: https://secwatch.observer/filing/0001193125-23-026913.json
- Plain text: https://secwatch.observer/filing/0001193125-23-026913.txt

## Key facts
- Restructurings & Charges
  Zoom Communications, Inc. announced a restructuring with charges of approximately $50 million to $68 million (approximately 15 percent).
  - Type: restructuring
  - Charge: approximately $50 million to $68 million
  - Headcount: approximately 15 percent
  source text: The Company estimates that it will incur approximately $50 million to $68 million in charges in connection with the Plan, which will be substantially incurred in the first quarter of fiscal 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1585521/000119312523026913/0001193125-23-026913-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.