Tomb, a former Google executive, joined Zoom in June 2022 to oversee its go-to-market strategy, revenue efforts, and office of the Global CIO. He had reported directly to Eric Yuan, the company’s CEO.

Upon his employment, Tomb had been given a $45 million stock grant, as well as a $400,000 yearly base salary with an 8% bonus target, according to Bloomberg.

The SEC filing states that “Mr. Tomb will receive the severance benefits payable in accordance with his previously disclosed employment arrangements that are payable upon a ‘termination without cause.’”

The news comes just weeks after the American company announced that it was cutting around 1,300 jobs — roughly 15% of its workforce — citing a post-pandemic change in consumer behaviour and an uncertain global economy.

In the February layoffs announcement, Yuan also stated that he was reducing his salary for the fiscal year by 98%, as well as foregoing his corporate bonus.

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Over the course of the COVID-19 pandemic, Zoom became a household name, with people relying on the platform in both their personal and professional lives. This led the company to experience rapid growth both in terms of revenue and headcount; in 2021, the company announced that its revenues had risen 326% year-over-year to $2.6bn. It also grew 3x in size to meet the surge in user demand.

However, the company’s growth proved unsustainable when Zoom — like many big name tech companies, including Alphabet, Amazon, Microsoft, and Salesforce — became victim to a post-COVID slump, letting many employees go as a result.

A Zoom spokesperson, according to Bloomberg, has said that the company isn’t looking to find a replacement for Tomb at this time.