TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    LeadersSpeak
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Submission Guidelines

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    LeadersSpeak
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
Newsmaker of the month: The phenomenal rise of Zoom

Story • 4th Jan 2021 • Min Read

Newsmaker of the month: The phenomenal rise of Zoom

C-Suite#NewsmakeroftheMonth

Author: J Jerry Moses J Jerry Moses
11K Reads
A number of companies also turned to technology platforms they were already using including Microsoft Teams, Google Meets, Cisco WebEx, Skype, etc.,

In a year of remote work, if there’s one thing that has enabled corporate communications, it has to be technology that helped employees connect over video conference. On top of the list is Zoom. A number of companies also turned to technology platforms they were already using including Microsoft Teams, Google Meets, Cisco WebEx, Skype, etc.,

Zoom stood out because it was easier to use and had a 40 minute free to use option. By March 2020, Zoom had become one of the world’s most downloaded applications; repeatedly breaking its own record by touching millions of downloads a day. The growth was also reflected in the stock market. Zoom’s stock was valued at $40 billion as much as Uber. By October 2020, the company’s year-on-year revenue growth had soared 367 percent, reporting a total revenue of $ 777.2 million.

But the year 2020 was not all that rosy for the company. As the application started to boom, there was increased scrutiny of the platform. There were a number of privacy and security issues that were raised. Amid increased criticism, the CEO apologized, while taking responsibility for the issues. Since then, the company has been sharing regular updates on the use of personal data and encryption policies.

The TIME magazine recognized Eric Yuan, the CEO of the company as the businessperson of the year – describing his role, the magazine noted that “Yuan soon found himself serving as the world’s relationship liaison, social chair, principal, convention-center host, chief security officer, and pallbearer.” Yuan’s own career journey served as a lesson in leadership and entrepreneurship. 

With increased scrutiny of its business and leadership, there was bound to be increased scrutiny of the workplace culture. The company was better placed when it came to workplace recognition. Zoom had already ranked among companies with the happiest employees in 2019. And despite a roller coaster of a year, the company managed to retain a spot among the best places to work. 

As the pandemic is brought under control and workplaces open up to employees, Zoom will have to reinvent itself for a hybrid world of work – one where the consumption of video services will continue but it will not serve as a replacement for human interaction.

 

Read More

Did you find this article helpful?


You Might Also Like

Workday names Carl Eschenbach as co-CEO

STORY • 21st Dec 2022 • 2 Min Read

Workday names Carl Eschenbach as co-CEO

C-SuiteAppointments#HRTech
People Matters Unplugged takes over the airwaves

STORY • 30th Nov 2022 • 2 Min Read

People Matters Unplugged takes over the airwaves

LeadershipC-SuiteCulture
Rethink the Art of the Possible in HR

STORY • 30th Nov 2022 • 3 Min Read

Rethink the Art of the Possible in HR

LeadershipC-SuiteCultureTalent Management
NEXT STORY: Top 10 workplace trends to look out for in 2021

Trending Stories

  • design-thinking-hr

    Robert Half promotes Susan Haseley to Chief ESG and DEI Offi...

  • design-thinking-hr

    Over 50% of Gen Z in the world suffer from poor mental healt...

  • design-thinking-hr

    How to negotiate a better salary

  • design-thinking-hr

    2023 Layoffs: A timeline of job-cuts in top companies

Upcoming Event: View All

Event Title 29 Mar Webinar

2023 Employee Experience Trends

Free 11:00 AM AEST

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Submission Guidelines

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.