As its stock struggles, Zoom Video is adding word processing and collaboration software to its core videoconferencing platform.
Zoom Video Communications has struggled in the postpandemic period, as the Covid-era work from home boom eased and competition from Microsoft and others intensified.
At the company’s Zoomtopia user conference in San Jose Tuesday morning, Zoom unveiled a step to fight back against Microsoft Teams, the all-in-one communications suite that has been taking business from Zoom’s web-based videoconferencing. Zoom said the new software provides a “flexible AI-powered workspace, purpose-built to address today’s hybrid work challenges.” The company said that “the status quo for document creation and collaboration isn’t cutting it anymore.”
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