Zoom

A Zoom spokesperson said the Silicon Valley firm is not looking for a replacement for its president Greg Tomb who was fired. Tomb reported to CEO Eric Yuan.

Prior to that, he was the vice president of sales at Google Workspace for a little over a year. The company also trimmed the base pay for its executive leadership as pandemic-fuelled demand for the company's video conferencing services slows. The president of Zoom was fired days after the video conferencing platform laid off around 1,300 employees.

The company said in a regulatory filing in the US that Tomb's contract was abruptly terminated "without cause".

[Subscribe](https://economictimes.indiatimes.com/subscription?newslettertype=div_3125&email=2&utm_source=newsletter&utm_medium=email&utm_campaign=DailyTop5)to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. Yuan said that he was reducing his salary for the coming fiscal year by 98 per cent and foregoing his FY23 corporate bonus. The company's CEO said during the latest earnings call that the company experienced headwinds in terms of currency impact, online contraction, and deal scrutiny, which continued into Q4. "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," he had announced. The company said in a regulatory filing in the US that Tomb's contract was abruptly terminated "without cause". Tomb reported directly to Yuan, and was thrilled to join the company and help "drive growth".

Video conferencing major Zoom has sacked its president, Greg Tomb. A former Google employee, Tomb joined Zoom 10 months ago -- in June 2022. Zoom anno.

Zoom announced Tomb's appointment as president of the company on June 7, 2022. (the “Company”) terminated the employment of Greg Tomb as the Company’s President, effective March 3, 2023. Zoom announced the termination of Tomb in a filing with the US’ Securities and Exchange Commission (SEC).

Tomb's contract was abruptly terminated "without cause". He will be entitled to severance benefits in accordance with the company's arrangements payable ...

The company has begun laying off employees more recently to deal with decreasing demand. Since then, he had actively participated in earnings calls and managed the company's sales. He will be entitled to severance benefits in accordance with the company's arrangements payable upon a "termination without cause", the outlet added.

According to Bloomberg, Zoom is not currently looking to find a replacement for Tomb, who used to report directly to Yuan.

Yuan, in a company-wide email, said that he is taking a pay cut of 98 per cent for the coming financial year, and he will also let go of his corporate bonus. Tomb, during his short tenure at Zoom, appeared on earnings calls, and overlooked the company’s sales operation. Tomb was fired from Zoom effective Friday, March 3.

New Delhi: Video conferencing platform Zoom that laid off 1,300 employees last month has now sacked its president Greg Tomb without any cause, ...

Yuan said that he was reducing his salary for the coming fiscal year by 98 per cent and foregoing his FY23 corporate bonus. When Tomb was appointed as Zoom president, the company’s CEO Eric Yuan had said that “Greg is a highly respected technology industry leader and has deep experience in helping to scale companies at critical junctures.” The company said in a regulatory filing in the US that Tomb’s contract was abruptly terminated “without cause”.

Tomb, a former Google employee, will receive severance benefits in accordance with his employment arrangements, payable upon a "termination without cause," ...

Eric Yuan, the CEO and founder of Zoom, has taken accountability for the mistakes and actions that led to the layoffs. It is unclear who will replace Tomb in his position as president of Zoom, and a spokesperson for the company has said that it has no plans to find a replacement. Tomb, a former Google employee, will receive severance benefits in accordance with his employment arrangements, payable upon a "termination without cause," according to a filing with the Securities and Exchange Commission.

Video conferencing platform Zoom has fired its President Greg Tomb, according to a report in the BBC, which cited a regulatory filing by the company.

The CEO said that the members of his executive leadership team were also letting go of the bonuses and taking a 20 per cent pay cut. The company has begun laying off employees more recently to deal with decreasing demand. Since then, he had actively participated in earnings calls and managed the company’s sales.

technology : Zoom: Out of focus without the President Zoom | Zoom has fired company president Greg Toomb. However, he did not reveal the reasons for his ...

Greg Toomb was promoted to Zoom President in [june](/search/topic?searchType=search&searchTerm=JUNE) of last year. [health](/search/topic?searchType=search&searchTerm=HEALTH) coverage, a 2023 fiscal year bonus, and stock option authorization for six months. [technology](/search/topic?searchType=search&searchTerm=TECHNOLOGY) company Zoom has also started laying off its employees.

Video communication platform Zoom has sacked president Greg Tomb 'without cause'. The video communication app laid off about 1300 people, or 15 per cent of ...

The video communication platform sacked 1,300 employees last month citing macroeconomic issues. The video communication app Zoom laid off about 1,300 people, or 15 per cent of its workforce, last month. Zoom Sacks President Greg Tomb ‘Without Cause’: Video communication platform Zoom has sacked its President, Greg Tomb, without any cause, as it aims to navigate the global macroeconomic conditions.

Days after video conferencing platform Zoom laid off 1300 employees, the platform has now sacked its president, Greg Tomb, who is a former Google executive.

Like other tech companies, Zoom also faced a difficult phase, where the company was forced to lay off its employees after failing to maintain the same performance during the pandemic. During his joining, Tomb had also expressed his excitement and assured how he would help "drive growth" for the company. A spokeswoman for Zoom, however, said the company isn't looking for a replacement, reported BBC.

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Video communications company Zoom has made headlines again after abruptly firing its president, Greg Tomb, who was hired just eight months ago.

In addition to the layoffs, Zoom's CEO also announced that he would be reducing his salary for the coming fiscal year by 98% and letting go of his yearly corporate bonus. According to a spokesperson for Zoom, they are not looking for any replacement to fill up Tomb's position at the moment. This has led to the need for job cuts and cost-saving measures, including executive salary reductions. In addition to the severance benefits for laid-off employees, Zoom offers outplacement services, including coaching, workshops, and networking groups. His executive leadership team members also agreed to reduce their base salaries by 20%. Zoom's spokesperson has announced that there will be no replacement for Tomb's role.

After axing 15 percent of its workforce, Zoom abruptly fires President Greg Tomb in a “termination without cause” All IT news on Silicon.co.uk.