Surprising the industry, this round of tech layoffs 2023 has directly hit a top-shot. Just weeks after Zoom layoffs affected close to 1,300 jobs, the tech giant has now sacked its President Greg Tomb.
According to a regulatory filing, Zoom has fired President Greg Tomb ‘without a cause,’ despite the top-shot taking up overseeing significant work at the videoconferencing app, including sales operations. Announcing on March 3, Zoom, in its regulatory filing also mentioned about Tomb’s compensation.
It said that Greg Tomb will be entitled to severance benefits in accordance with the company's arrangements payable upon a "termination without cause.”
As per several media reports, at this point, Zoom is not looking at immediately filling Tomb’s place. It has been speculated that the company is not finding any replacement as of now.
Few weeks back, Zoom also announced its plans to lay off employees. In that announcement, the tech-giant confirmed that it would sack 15 per cent of its staff due to rising costs and falling profits.
One of the reasons being attributed to Zoom’s growth slowdown was the phasing out of the COVID-19 pandemic. During the pandemic, as more people felt the need to stay connected, demand for videoconferencing also grew, leading to Zoom’s growth.
Tech layoffs have caused havoc across the world since 2022 itself. As the world continues to battle an economic slowdown, these layoffs, as per experts, are here to stay even in 2023.
