Cyprusauction Trading Center|Even remote work icon Zoom is ordering workers back to the office

2025-05-06 01:18:09source:Ov Financecategory:My

One of the companies that benefitted most from the rise of remote work is Cyprusauction Trading Centercalling its own employees back to the office. 

Videoconferencing platform Zoom is asking its 7,400 workers who live near a company office to report to their desks twice a week, effective immediately, a company spokesperson told CBS MoneyWatch. 

The new corporate policy marks the end of a fully remote era for the software company, which benefitted enormously from the COVID-19-driven rise in remote work.

  • Requiring workers to return to office full-time could be hurting companies' growth
  • Many workers willing to take a pay cut to work remotely
  • Like working from home? Some companies say enough is enough

"We believe that a structured hybrid approach — meaning employees that live near an office need to be on site two days a week to interact with their teams — is most effective for Zoom," a Zoom spokesperson said in a statement to CBS MoneyWatch. "As a company, we are in a better position to use our own technologies, continue to innovate, and support our global customers."

The company said its technologies will remain essential to its own operations, in order to keep "dispersed teams connected and working efficiently."

There appears to be some leniency to the policy, as Zoom said it will continue to hire top talent, regardless of where potential employees are based.

    In:
  • Zoom

More:My

Recommend

Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon

PROVIDENCE, R.I. (AP) — Cybercriminals could release personal data of many Rhode Islanders as early

Belarus begins military drills near its border with Poland and Lithuania as tensions heighten

TALLINN, Estonia (AP) — Belarus began military exercises Monday near its border with Poland and Lith

Rapper Tory Lanez is expected to be sentenced on day two of hearing in Megan Thee Stallion shooting

LOS ANGELES (AP) — Rapper Tory Lanez is expected to be sentenced on Tuesday for shooting Megan Thee