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 sense, the company indicated that Tomb will receive the severance benefits payable in the event of a “termination without cause” of the employment relationship.

As Zoom had explained last June, Tomb’s remuneration included a base salary of $400,000 per year, in addition to an annual bonus for objectives of 8% of his salary and the granting of a package of rights over shares worth 45 million dollars to be distributed in four years.

In early February, Zoom announced a workforce adjustment that entailed the layoff of approximately 15% of the company’s workers, affecting some 1,300 employees.

In a letter addressed to the ‘zoomies’, Zoom employees, Eric Yuan, founder and CEO of the company, then announced that his salary would be reduced by 98% and he would give up the bonus for the year 2023, while the company also had decided to temporarily cut the base salaries of its executives by 20%.