New York — Zoom, the San Jose company that powered the remote work revolution during the pandemic, is telling its employees to come back to the office. Putting aside the irony, Zoom isn’t excluded from the return to office trend that’s sweeping tech companies. 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. By mid-2020, Zoom reported skyrocketing revenue fueled by a spike in business customers from the many companies forced to turn to remote work.

Source: CNN August 07, 2023 20:19 UTC