BUSINESS + ECONOMY

Even Zoom is making its staff return to the office

Aug 7, 2023, 7:46 AM | Updated: 7:56 am

Zoom, the company is telling its employees to come back to the office. (Credit:	Justin Sullivan/Get...

Zoom, the company is telling its employees to come back to the office. (Credit: Justin Sullivan/Getty Images)

(Credit: Justin Sullivan/Getty Images)

New York (CNN) — Zoom, the company that powered the remote work revolution during the pandemic, is telling its employees to come back to the office.

In a statement, Zoom said it’s now enforcing a “structured hybrid approach,” meaning that employees who live near an office must return to to it for a “set number of days” because it’s “most effective” for the video-conferencing service.

“As a company, we are in a better position to use our own technologies, continue to innovate, and support our global customers. We’ll continue to leverage the entire Zoom platform to keep our employees and dispersed teams connected and working efficiently,” the company said.

Putting aside the irony, Zoom isn’t excluded from the return to office trend that’s sweeping tech companies. In recent months, Google, Amazon and Salesforce have enacted similar policies, ending a Covid-era approach that gave employees more freedom to work from home. However, businesses have faced some pushback from employees after workers grew accustomed to greater flexibility.

Zoom (ZM) has had its own difficulties as demand wanes following a pandemic-fueled surge. In February, Zoom (ZM) cut approximately 15% of its staff, amounting to about 1,300 employees, after growing too quickly. Members of the executive leadership team also reduced their base salaries by 20% for the coming fiscal year and forfeited their fiscal year 2023 bonuses.

More than most companies, the videoconferencing service came to define the early days of the pandemic, as many turned to its platform to video chat with friends and colleagues during lockdowns. By mid-2020, Zoom reported skyrocketing revenue fueled by a spike in business customers from the many companies forced to turn to remote work.

Shares of the company are up about 4% for the year.

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Business + Economy

Almost half of working Americans say they feel good about their finances, for now. They're feeling ...

Alexandrea Bonilla

Working Americans are worried about their future finances

Almost half of working Americans say they feel good about their finances, for now. They're feeling unsure about the future.

1 day ago

A newly implemented city regulation in Washington DC is making the city and childcare even more exp...

Devin Oldroyd

New law raises Washington DC childcare cost and affects childcare staff

A newly implemented city regulation in Washington DC is making the city and childcare even more expensive and unsustainable for families.

2 days ago

Financial technology, or FinTech is a new minor offered at the University of Utah. This year, they ...

Josuee Sanchez

Graduates from U’s FinTech program join a popular, growing field

FinTech grads will fill roles in businesses that include digital banking, blockchain technology, and artificial intelligence.

2 days ago

housing in rural utah...

Heather Peterson

New report explores similarities and differences in rural and urban Utahns

Researchers analyzed Census data, which showed that people in Utah’s urban and rural communities shared surprising similarities.

2 days ago

a utah child care provider and several children...

Amanda Dickson

Dickson: A look inside the child care crisis

You've heard about the child care crisis in Utah. Parents can't afford child care. Child care workers can't afford to live on what they make.

3 days ago

Rural wildlife firefighters, "Hot Shots"...

Michael Camit

Utah is struggling to retain its rural ‘Hotshots’

Filling jobs of rural wildlife firefighters can be difficult due to the cost of living according to the Utah Division of Forestry, Fires and State Lands.

6 days ago

Sponsored Articles

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

a person dressed up as a nordic viking in a dragon boat resembling the bear lake monster...

Bear Lake Convention and Visitors Bureau

The Legend of the Bear Lake Monster

The Bear Lake monster has captivated people in the region for centuries, with tales that range from the believable to the bizarre.

...

Live Nation Concerts

All the artists coming to Utah First Credit Union Amphitheatre (formerly USANA Amp) this summer

Summer concerts are more than just entertainment; they’re a celebration of life, love, and connection.

Mother and cute toddler child in a little fancy wooden cottage, reading a book, drinking tea and en...

Visit Bear Lake

How to find the best winter lodging in Bear Lake, Utah

Winter lodging in Bear Lake can be more limited than in the summer, but with some careful planning you can easily book your next winter trip.

Happy family in winter clothing at the ski resort, winter time, watching at mountains in front of t...

Visit Bear Lake

Ski more for less: Affordable ski resorts near Bear Lake, Utah

Plan your perfect ski getaway in Bear Lake this winter, with pristine slopes, affordable tickets, and breathtaking scenery.

Even Zoom is making its staff return to the office