Zoom Video (ZM) Layoffs & Bed, Bath & Beyond (BBBY) Plunges
b'Zoom Video (ZM) plans to cut 15% of its workforce, which is approximately 1.3K of workers. The CEO, Eric Yuan, is also cutting his salary for the coming year by 98%. The ZM stock price today is up over 7% so far following the news. Next, Renita Young weighs in on Bed, Bath & Beyond (BBBY) stock price plunging after announcing a new stock offering. Wedbush has stated that there is a low probability that the retailer will be able to raise equity in this last gasp before filing for bankruptcy protection.'