this post was submitted on 08 Aug 2023
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This is the best summary I could come up with:
At that time, Zoom chief financial officer Kelly Steckelberg cited an internal survey showing that about 85 percent of employees who work remotely "want it to stay that way."
It's still unclear why Zoom settled on a 50-mile radius as its requirement for returning to the office, whether employees can seek exemptions, or if performance reviews will depend on in-office attendance, ComputerWorld reported.
But Business Insider reported that market value has since dropped by at least $100 billion, mostly because so many companies over the past two years began requiring workers to return to the office.
Zoom's spokesperson said that with more workers in the office, "as a company, we are in a better position to use our own technologies, continue to innovate, and support our global customers."
Yuan said on an earnings call that building up Zoom's AI capability is a priority, ComputerWorld reported, and it's possible it has become an all-hands-on-deck situation.
The future will tell if pivoting to AI and requiring the majority of employees to return to the office are other mistakes for Zoom or necessary business moves.
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