Zoom, the videoconferencing platform that profited substantially from remote work during the pandemic, is now asking employees to return to the office. Its CEO, Eric Yuan, claims Zoom meetings don’t let people build trust or be innovative.
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Yuan explained that trust is essential “for everything,” and he finds it hard to build not only that but also innovation and debates over Zoom.
“Quite often, you come up with great ideas, but when we are all on Zoom, it’s really hard,” Yuan said, according to Insider. “We cannot have a great conversation. We cannot debate each other well because everyone tends to be very friendly when you join a Zoom call.”
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It’s against his company because he’s saying their clients are losing something by using their product. He can’t pretend that it’s exclusive to Zoom and all of his clients aren’t affected.
That’s the CEO saying “our product isn’t good at what it was meant to do”… A good board would get rid of him ASAP.
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As I said in another reply to you, their stock is back down to pre pandemic level, what the CEO is doing will lower the demand for their product, thus lowering their stock even more.
So as I said, a responsible board would kick him out and find someone that wants to push for 100% remote work to set the example to increase demand for their product.