Even Zoom is making its staff return to the office... Zoom said it’s now enforcing a “structured hybrid approach,” meaning that employees who live near an office “need to be onsite 2 days a week” because it’s “most effective” for the company.
, 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.CNN’s Catherine Thorbecke contributed to this report.
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