[Fox Business] Zoom asks employees to return to office for first time since COVID-19 pandemic
Zoom has told its employees to return to the office for the first time since the video communications tool saw a boom during the remote work revolution of the coronavirus pandemic.
The tech company is now requesting all employees within 50 miles of a company office to return for in-person work at least two days a week on a hybrid schedule.
“We believe that a structured hybrid approach – meaning employees that live near an office need to be onsite two days a week to interact with their teams – is most effective for Zoom,” a company spokesperson said in a statement to Insider. “As a company, we are in a better position to use our own technologies, continue to innovate, and support our global customers.”
ZOOM ABRUPTLY FIRES ITS PRESIDENT, GREG TOMB, AFTER JUST 10 MONTHS
Zoom’s shares skyrocketed in 2020 when the COVID-19 pandemic forced millions of employees and students to work online from their homes. The resource allowed people to connect with coworkers, educators and classmates over video chat as much of the world was stranded in their homes.
“We’ll continue to leverage the entire Zoom platform to keep our employees and dispersed teams connected and working efficiently,” the spokesperson said.
Despite the availability of several other video conferencing tools, including Skype and Microsoft Teams, Zoom quickly emerged as the go-to video conferencing service.
ZOOM REDUCING HEADCOUNT BY 1,300
GET FOX BUSINESS ON THE GO BY CLICKING HERE
But towards the end of 2021, Zoom’s stock took a nose dive and the company has lost at least $100 billion in market value since that point as employees around the globe return to the office and no longer require video conferencing. The stock stagnated again this year as workers continue returning to work in person.
Zoom said in January 2022 that only 2% of its workforce worked in its offices. The company, which employs more than 8,400 people worldwide, has two U.S. offices in San Jose, California, and Denver, Colorado, as well as several international sites.
[Fox News] Illinois officials investigating body pulled from suburban lake, victim identified
Police in Illinois have opened a death investigation after the body of a 51-year-old man was located in a lake in Arlington Heights. The Cook...
[NewYorkPost] New York, New Jersey teams win at Little League regionals
The East Hanover, N.J., and Massapequa Coast, N.Y., Little League squads won their first Metro Region Tournament games in Bristol, Conn., on Saturday. Read More
[NewYorkPost] USWNT remains largely silent during national anthem at World Cup Round of 16 match vs. Sweden
Well, they weren't going to start singing now. Read More
[Fox News] Leaders, ‘woke policies’ to blame for American loss of confidence in military, former SEAL says
U.S. leadership is causing plummeting trust in the military, argued one retired Navy SEAL as polls show American confidence in the armed forces is at...
[Baltimore Sun] Orioles first-round pick Enrique Bradfield Jr.’s baseball savvy has impressed people since he was 5: ‘He just loves the game’
Orioles first-round draft pick Enrique Bradfield Jr. has impressed people with his baseball knowledge since he was as young as 5. Many of his former...
[Baltimore Sun] As lawyers for Henrietta Lacks’ family plans to sue other companies, legal scholars debate potential for success
A settlement involving Henrietta Lacks' family and Thermo Fisher leaves questions about whether lawsuits against other companies would succeed. Read More
[Baltimore Sun] Anida Lee England, state clerical worker known as ‘mother of the Baltimore County Fire Department,’ dies
Anida Lee England, a state clerical worker recalled as the “mother of the Baltimore County Fire Department,” died July 28 at Stella Maris Hospice in...
[NewYorkPost] Mets had many non-competitive at-bats in loss to O’s: Buck Showalter
The Mets failed to score more than three runs for a fourth straight game in a 7-3 loss to the Orioles on Saturday night, their...
[NewYorkPost] Giants’ Daniel Jones, Darren Waller continue to build chemistry
Observations from Saturday’s Giants camp: Read More