By Brody Ford and Ryan Vlastelica | Bloomberg
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.
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.
RELATED:Zoom chops nearly 200 jobs in Bay Area as tech layoffs mount
Tomb had taken