- Zoom has fired its president, Greg Tomb, simply 10 months after he joined.
- The corporate mentioned in a SEC submitting that Tomb’s “termination with out trigger” was efficient Friday.
Zoom has sacked its president, Greg Tomb, a former Google worker who solely started working on the firm round 10 months in the past.
Zoom mentioned in a filing with the Securities and Trade Fee that Tomb’s termination was efficient as of Friday. He’ll obtain severance advantages consistent with his employment preparations, that are payable upon a “termination with out trigger,” in response to the SEC submitting.
The submitting was signed off by Aparna Bawa, the chief working officer at Zoom.
Zoom mentioned in an SEC filing in June, when Tomb joined, that he would obtain an annual base wage of $400,000, with a yearly bonus goal of 8%. His employment additionally included a $45 million inventory grant, which might vest over 4 years, per the submitting.
Insider was unable to achieve Tomb for remark as a result of no contact particulars have been instantly out there.
It’s unclear who will take over Tomb’s place as president of Zoom. A spokesperson from Zoom instructed Insider the corporate will not discover a alternative for Tomb and declined to remark additional.
Tomb’s LinkedIn profile reveals that he joined Zoom as president in June 2022. Earlier than this, he labored at Google for greater than a yr because the vice chairman of gross sales for Google Workspace, Safety, and Geo Enterprise.
Tomb was additionally beforehand a president at software program agency SAP and pc programming supplier Vivido Labs, in response to LinkedIn. He’s a member of the board of Pure Storage, a tech firm, his LinkedIn profile mentioned.
Tomb’s termination comes after Zoom announced in early February it was shedding about 1,300 staff — 15% of its workforce. Eric Yuan, the CEO and founding father of Zoom, mentioned he was accountable for errors and the actions he was taking in consequence; Yuan mentioned he would take a pay cut of 98%, which means his wage could be $10,000 this yr.