Zoom Video Communications Inc. slumped in early trading Friday after abruptly terminating the employment of President Greg Tomb, a former Google executive who had only started at the firm in June.&…
By Brody Ford and Ryan Vlastelica | Bloomberg
Shares of the video-conferencing software company fell as much as 2% in premarket, putting them on track to extend their decline this week to more than 6%. Tomb will receive severance benefits in accordance with arrangements that are payable upon a “termination without cause,” the company said in a regulatory filing. The move is effective Friday.Tomb had taken a high-profile role at Zoom during his short tenure, appearing on earnings calls and overseeing the company’s sales operation.
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