Zoom Video Communications has announced the decision to dispense with Greg Tomb as president of the company, a position to which the former Google executive was appointed in June 2022.
In this regard, the company indicated that Tomb will receive severance benefits payable in the event of a «termination without cause» of the employment relationship.
As Zoom had explained last June, Tomb’s compensation included a base salary of $400,000 per year, plus an annual target bonus of 8% of his salary and the grant of a $45 million stock rights package to be distributed over four years.
In early February, Zoom announced a workforce adjustment that involved the layoff of approximately 15% of the company’s workforce, affecting some 1,300 employees.
In a letter to Zoom employees, Eric Yuan, the company’s founder and CEO, announced at the time that he would be taking a 98% pay cut and forgoing his 2023 bonus, while the company had also decided to temporarily cut its executives’ base salaries by 20%.
Source: (EUROPA PRESS)
