Cushman & Wakefield- Sponsor of the Pulse Blog

Well If They’re Doing It….

Aug 17, 2023

Prior to the pandemic Zoom was a little known way to communicate via computer, far from the verb it has become, the ubiquitous work from home interface that was a refuge from working in the office. 

Today, we can add Zoom to the list companies that are sorting out work from home policies and crafting mandatory days in the office policies.

Yes, even Zoom. 

In a statement, reported on CNN  “Zoom said it’s now enforcing a “structured hybrid approach,” meaning that employees who live near an office “need to be onsite two days a week” 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 in the article. 

The article also reported that “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.”

And, it reported that “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.”

David Harrison