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WFH officially over as Zoom orders employees back to office

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Zoom is set to buy Five9

Zoom, the video communications company that experienced exponential growth during the pandemic, is marking the end of an era by asking its employees to return to the office.

In response to the changing work landscape, Zoom has adopted a structured hybrid approach, requiring employees residing within 50 miles of a company office to come in for at least two days per week.

Zoom management says the move aims to facilitate better team interaction and foster innovation within the organization.

Pandemic stock

During the pandemic, Zoom’s popularity soared as it became the go-to platform for remote work communication, leading to a six-fold increase in the company’s shares in 2020.

However, as the world gradually adapted to the new normal, with employees returning to their physical offices, the reliance on video conferencing declined, causing Zoom’s stock to plummet, resulting in a significant loss of market value.

In January 2022, only a mere 2% of Zoom’s employees worked on-site.

Nonetheless, the company continues to maintain offices in San Jose, California, and Denver, Colorado, along with several international sites, employing over 8,400 people globally.

Despite the shift back to the office, Zoom is committed to leveraging its platform to keep employees and teams connected and efficient.

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Tech giants drive global mega-cap surge amid inflation relief

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Tech giants have taken the lead in propelling global mega-cap stocks to new heights.

This surge comes as a welcome relief for investors who have been closely monitoring the impact of rising inflation on the financial markets.

The tech sector, including giants like Apple, Amazon, and Microsoft, has been instrumental in driving the rally. These companies have reported robust earnings and strong growth prospects, which has boosted investor confidence. As a result, the market capitalization of these tech behemoths has reached unprecedented levels, contributing significantly to the overall rise in global mega-cap stocks.

The easing of inflationary pressures has played a pivotal role in this resurgence. Central banks’ efforts to tame inflation through monetary policy adjustments have begun to bear fruit, reassuring investors and stabilizing financial markets. As concerns over rapidly increasing prices recede, investors have become more willing to invest in mega-cap stocks, particularly in the tech sector, which has demonstrated resilience in the face of economic challenges.

Will the tech giants maintain their momentum and continue to lead the mega-cap surge, or are there potential risks on the horizon?

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Real reason bosses want employers back in the office

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As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.

 
The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.

Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.

This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured

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Businesses cash in on Black Friday sales

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Black Friday, the annual shopping frenzy, has become a global phenomenon rooted in economic strategies.

 
Retailers deploy various tactics to lure consumers, creating a win-win scenario for both shoppers and businesses.

The concept of Black Friday traces its roots to the United States, where it marks the beginning of the holiday shopping season. Retailers offer significant discounts on a wide range of products to attract a massive customer influx. This strategy, known as loss leader pricing, involves selling a few products at a loss to entice customers into stores, hoping they will buy other items at regular prices.

Retailers also employ the scarcity principle by advertising limited-time offers and doorbuster deals. This sense of urgency compels consumers to make quick decisions, boosting sales.

Furthermore, online shopping has revolutionized Black Friday economics. E-commerce giants use data analytics to customize deals, targeting individual preferences. Cyber Monday, the digital counterpart to Black Friday, capitalizes on the convenience of online shopping. #featured

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