The remote work revolution is officially dead: Zoom just told employees to return to the office.
service became so ubiquitous during the pandemic that its corporate name became a verb describing the act of firing up a video chat to connect with co-workers online. left millions of workers stuck at home and sales surged. By 2021, though, revenue growth slowed and the stock plunged. The company has shed at least $100 billion in market value since then.
In a survey commissioned by Zoom, 43% of workers said they believe flexible work is not a perk but a basic expectation and 70% said they'd consider leaving their current job for a more flexible working environment. "We'll continue to leverage the entire Zoom platform to keep our employees and dispersed teams connected and working efficiently," the spokesperson said.
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