Zoom, the hot video-conferencing startupthat’s helping remote workers amid the spread of coronavirus
Video-conferencing company Zoom is asking its employees at its headquarters in San Jose, CA to work from home due to concerns over the coronavirus disease, COVID-19, which has spread to the company’s home state of California.
This comes as Zoom reported fourth quarter earnings that beat Wall Street estimates but still saw the stock falling over 10 percent before recovering some of the losses – a drop that apparently comes from investors expecting a higher rate of growth.
“I am happy to report that all of our employees in the affected areas are healthy,” CEO Eric Yuan said on a call with analysts after the earnings were released. “Given the recent emergence and growing number of coronavirus cases in the US, we have directed our HQ employees to work from home, unless there is a business-critical need for them to be in the office.”