Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Zoom, which helped millions work from home during the pandemic, is requiring employees return to the office

Zoom, which helped millions work from home during the pandemic, is requiring employees return to the office

Employees who live near a Zoom location must be on-site two days a week, a company spokesperson said. A “hybrid approach” is most effective for Zoom, she said, because it will be in “a better position to use our own technologies, continue to innovate and support our global customers.”
The company’s eponymous video-conferencing software was a breakout hit of the pandemic as entire industries were forced to communicate virtually. Since then, companies as varied as Amazon.com Inc., Chipotle Mexican Grill Inc. and BlackRock Inc. have increased the amount of time employees must spend on site.

Still, many offices remain lightly used, and there are signs that some roles may remain remote. Offices in the Northeast were only at peak capacity 24% of the time in the first half of the year, according to data from Basking.io, a workplace-occupancy analytics company. Listings for remote jobs have also trended up in many cities.

Zoom itself has struggled to keep growing in a post-pandemic world. While its share price quintupled from March to October 2020, the stock has since retreated to pre-pandemic levels. In an effort to resuscitate growth, Zoom is developing a wider suite of software tools for big businesses, including in-office collaboration products. It has invested in startup Anthropic to include artificial intelligence in its software for managing and automating customer service requests.

Insider earlier reported Zoom’s new office policy.

While many chief executives want employees back five days a week, “I think the hybrid work is going to stay,” Chief Executive Officer Eric Yuan said during a May earnings call. “I think hybrid work does bring another kind of huge opportunity to us.”
Newsletter

Related Articles

0:00
0:00
Close
China Unveils AI App Inspired by Iron Man's Jarvis
Iranian Plots to Kill Jews in Europe Unveiled
Public Health Data Debate, Kidney Transplants, Wildfires, Typhoon Impact, and Controversial YouTube Bans: A Diverse Week in News
Sinner Makes History, Italy Upsets France, Ronaldo's 900th Career Goal, and More in Sports Highlights
Porn streamer OnlyFans paid owner $630mn in dividends
China ends tariffs on all goods exported to China from the poorest countries in the world it has diplomatic ties with, including 33 African nations
Ukraine's Major Government Reshuffle: Andrii Sybiha Appointed New Foreign Minister
WALZ'S FOR TRUMP": Gov. Tim Walz’s family is proudly expressing their 'strong support' for former President Trump
In a public interview yesterday, Putin openly said he wants Kamala Harris to win the 2024 election.
French Woman Testifies in Landmark Rape Trial
Michel Barnier Appointed as Prime Minister of France
Britain Plans to Combat 700 Years of Nepotism in Its Governmental System by Ending Hereditary Peerships in the House of Lords
The art technique of Grandma Mei Ling, age 82
Hungary's Dependence on Russian Oil
Mongolia Refuses to Arrest Putin Despite ICC Warrant
France Pilots Mobile Phone Ban in Schools
Hungary's Quest for Energy Stability Amid Global Tensions
Germany's Establishment War on Democracy: Blocking the People's Choice
WHO-Led Study Finds No Link Between Mobile Phones and Brain Cancer
Russian Missile Strike Kills 49 in Poltava, Ukraine
Major Cabinet Resignations in Ukraine
Putin Defies ICC Arrest Warrant with Mongolia Visit
Frenchman On Trial for Decade-long Abuse of Drugged Wife
Today in Venezuela, November in America? Venezuela, an arrest warrant was issued against the election loser, González
The British bus driver explains to usual suspects that they cannot travel without a ticket. Education is important.
Norway Sets New Electric Vehicle Sales Record
End of an Era: Volkswagen in Historic Factory Shutdowns in Germany
Turkey officially submits application requesting to join BRICS
U.S. seizes Venezuela President Nicolas Maduro's airplane in the Dominican Republic
Switzerland Urged to Reconsider Its 500-Year Neutrality
AfD's Historic Victory in Thuringia State Election, Germany
Rising Influence of AfD Highlights Growing East-West Divide in Germany
Spanish Police Arrest Three for Ibiza Luxury Home Robberies
AfD Secures Historic Victory in East German State Elections
EU Rejects Maduro’s Election Win Claim in Venezuela
EU and UK Reinstate 100ml Liquid Rule for Airport Security
Polish PM Threatens to Block Ukraine’s EU Bid Over Historical Dispute
French Lawmakers Initiate Impeachment Against Macron
Elon Musk Warns of US Bankruptcy Due to Government Overspending
Elon Musk Accuses Brazilian Supreme Court Justice of Election Interference
Germany's Far-Right AfD Set to Win Regional Elections
Universe May Have Had a Pre-Big Bang 'Secret Life'
Israeli Union Announces Nationwide Strike After Hostages Found Dead
Brazilian Judge Alexandre de Moraes Blocks Elon Musk's X
Volos Declares State of Emergency Due to Massive Fish Die-Off
Ukraine Successfully Test Fires First Indigenously-Made Ballistic Missile
Marseille Museum Hosts Nude Exhibition on Naturism
Russia Warns of World War III Risks Over Ukraine Conflict
Ukraine Proposes Next Peace Summit in Global South
Russia and Ukraine Exchange 115 Prisoners of War Each in UAE-Brokered Deal
×