Zoom Video workforce has nearly tripled in 2 years

Zoom Video Communications Inc. disclosed late Monday that it had 6,787 full-time employees as of Jan. 31, 2022, nearly triple what the videoconferencing-service company’s workforce was two years ago, before the pandemic. The latest workforce count, which included 4,009 employees in the U.S., was 53.5% from 4,422 employees (2,662 in the U.S.) as of Jan. 31, 2021, which was up 74.6% from 2,532 employees (1,396 in the U.S.) as of Jan. 31, 2020, according to the company’s 10-K filings with the Securities and Exchange Commission. Zoom Video’s stock had rocketed 395.8% in 2020, as COVID-19-related shutdowns sparked a buying frenzy in shares of remote-work enabling companies, then dropped 45.5% in 2021 as the frenzy faded with vaccinations and the gradual lifting of restrictions. With the stock down 38.6% year to date, it is now trading 80.1% below its Oct. 19, 2020 record close of $568.34, but is still 66.0% above where it ended 2019. Meanwhile, the S&P 500 has lost 10.7% this year, and is up 31.8% since the end of 2019.

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