On September 23rd, Zoom Video Communications decided to reduce the practice of paying employees' salaries with company stocks, joining the ranks of competitors such as Salesforce and Workday. Zoom CEO Eric Yuan wrote in a report to employees this week that the rate at which Zoom grants equity rewards to employees is unsustainable, with a large number of stocks being granted each year, resulting in a very high dilution rate, namely, an excessive amount of equity being granted that must be actively reduced. The annual performance stock plan will gradually be phased out over the next two fiscal years starting in February, and the company will reduce the amount of equity granted to new employees. Some employees will receive higher cash bonuses. He said that this issue is not unique to Zoom, as competitors also face similar challenges. The previously issued stock plan was intended to balance the volatility of the stock price during the pandemic and the recent lower value.