Zoom had a use for you during COVID, now they don't: bye-bye. You were used, they got what they needed and now it is time to go. That's how workers are treated and people should understand that. You are not George from Engineering, you are employee #3223 and you cost $x per year. Past maybe 20 - 25 people, you are nothing but a number and quickly after you no longer create more value than you are paid, you are out.
Unlike others cough Facebook cough Google cough, Zoom actually a reason to scale during COVID; they were relatively new, they had crazy demand, and the access to money to do it. Zoom was given a blank check and leadership would've been worse for _not_ taking it.
That happened, now it is waning and it is time to 'right size' (barf) and continue what they were doing before.
Good on him for cutting his own salary and comp even if I don't think he is as dumb as Zuckerberg or others for their company's paper growth.