Zoom has fired its president, Greg Tomb, a former Google employee who only began working at the company around 10 months ago.
Zoom is the company behind the video conferencing platform — which became a household name during the pandemic.
In a filing with the Securities and Exchange Commission (SEC), Zoom management stated that Tomb’s termination was effective as of Friday.
He will receive severance benefits in line with his employment arrangements, which are payable upon a “termination without cause,” per the SEC filing.
The filing was signed off by Aparna Bawa, Zoom’s chief operating officer.
Zoom said in a SEC filing in June, when Tomb joined, that he would receive an annual base salary of $400,000, with a yearly bonus target of 8%. His employment also included a $45 million stock grant, which would vest over four years, per the filing.
It was unclear who would take over Tomb’s position as president of Zoom.
A spokesperson from Zoom told Insider the company won’t find a replacement for Tomb and declined to comment further.
Tomb’s LinkedIn profile shows he joined Zoom as president in June 2022. Before this, he worked at Google for more than a year as the vice president of sales for Google Workspace, Security and Geo Enterprise.
He was also previously a president at software firm SAP and computer programming provider Vivido Labs, per LinkedIn. Tomb is a member of the board of Pure Storage, a tech company, his LinkedIn profile said.
Tomb’s termination comes after Zoom announced in early February it was laying off about 1,300 employees — 15% of its workforce.
Zoom Video Communications chief executive Eric Yuan is also taking a 98 percent cut in salary this year and forgoing his executive bonus, he said in a blog post about the job cuts.
He added that members of his executive leadership team are taking a 20 percent salary reduction and also forfeiting bonuses this year.
While people and businesses continue to rely on Zoom “as the world transitions to life post-pandemic,” the Silicon Valley-based firm is seeing customers cut back on spending, Yuan said in the post.
