Last month, video communications firm Zoom drew attention when its CEO, Eric Yuan, revealed plans to lay off 1,300 employees. Now, the company is back in the news following the sudden dismissal of its president, Greg Tomb. A regulatory filing stated that Tomb was terminated “without any cause,” surprising many as he had only joined the company in June 2022 and was let go before completing a year in his position.
According to reports, a spokesperson for Zoom has stated that the company has no plans to seek a replacement for Greg Tomb at this time. The reasons for his termination have not been disclosed by the company.
Tomb had previously joined Zoom in August 2019 as Chief Revenue Officer and was promoted to the position of President just eight months later. Prior to joining Zoom, he had served as VP of Sales for Google Workspace, Security & Geo Enterprise since May 2021.
In the previous month, Zoom’s CEO Eric Yuan declared that the company would be reducing its workforce by 15%, affecting approximately 1,300 employees. Furthermore, Yuan also stated that he would decrease his salary by 98% for the next fiscal year and forgo his annual corporate bonus.
“As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today. To that end, I am reducing my salary for the coming fiscal year by 98 per cent and foregoing my FY23 corporate bonus. Members of my executive leadership team will reduce their base salaries by 20 per cent for the coming fiscal year while also forfeiting their FY23 corporate bonuses.” the CEO wrote in an email to employees.
