(Bloomberg) -- After announcing a 17% reduction of its workforce, Twilio Inc. said Chief Executive Officer Jeff Lawson’s base salary would be trimmed by about half to $65,535. The week before, Eric Yuan, the billionaire founder of Zoom Video Communications Inc., said he would reduce his salary and forgo a bonus after cutting 1,300 jobs at the video conferencing software provider.

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Corporations are increasingly keen to show investors they’re heeding calls for steep cost-cuts to help margins — including chopping CEO salaries — following a year when the tech-heavy Nasdaq 100 Index plunged 33%. But for most executives, salary makes up only a small portion of their total compensation, which is heavily weighted toward stock awards and options.

Lawson’s base salary, for example, was less than 1% of his total 2021 compensation package of $14.6 million, according to the company’s annual report.

Yuan’s salary of $301,731 amounted to about a fourth of his annual compensation in fiscal 2022, according to Zoom’s proxy statement. Still, he controls more than 13% of the company’s shares directly and through entities associated with his family, helping him build a fortune estimated at $5 billion, according to the Bloomberg Billionaires Index.

“As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today,” Yuan said in a Feb. 7 blog post. “And I want to show accountability not just in words but in my own action.”

Leaders of more-established companies are facing pay cuts, too. At Micron Technology Inc., which is reducing jobs by 10%, CEO Sanjay Mehrotra will see his salary reduced by a fifth, the chipmaker said in a regulatory filing in February. Mehrotra had a base salary of $1.41 million in fiscal 2022, but most of his total $28.8 million in compensation came from stock awards.