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ZOOM STOCK SOARS. OIL COMPANY BP FIRES 10K EMPLOYEES. DUNKIN HIRES UP TO 25K EMPLOYEES
6 minutes Posted Jun 12, 2020 at 2:48 am.
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ZOOM STOCK SOARS. OIL COMPANY BP FIRES 10K EMPLOYEES. DUNKIN HIRES UP TO 25K EMPLOYEES
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Here is what we will try to cover:
Zoom Is Killing It Financially, Thanks to Remote Work
Oil giant BP cuts 10,000 employees
Dunkin' hiring up to 25,000 workers amid signs of post- c word recovery.
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Source:
https://www.pcmag.com/news/zoom-is-killing-it-financially-thanks-to-remote-work
https://thehill.com/policy/energy-environment/501645-oil-giant-bp-cuts-10000-employees
https://www.cbsnews.com/news/dunkin-hiring-25000-coronavirus-recovery/
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Description:
Zoom Video Communication, the company behind Zoom Meeting, started its fiscal year on February 1st—and what a time to do so. 
While the company has had nothing but steady growth going back to the first quarter of 2019 (fiscal year, not calendar), the first quarter of fiscal year 2020 saw an amazing 169 percent revenue increase year over year.
In a statement, Eric S. Yuan, Founder and Chief Executive Officer of Zoom said, "The C crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom. Use cases have grown rapidly as people integrated Zoom into their work, learning, and personal lives."
We reported in April that Zoom was already hitting 300 million daily users. 
But growth came with growing pains: everything from Zoom-bombings that required security upgrades (they're easily prevented now), to reports recently that free use of the service may come at the cost of any hope of privacy.  
Many companies have banned the use of Zoom, including SpaceX, NASA, and Google. (A few companies have banished Google Meet/Hangouts, too, to be fair.) So have many banks and some governments.
Oil giant BP announced Monday that it will be cutting 10,000 jobs — one out of every seven of its employees — because of the economic downturn caused by the c word.
“The oil price has plunged well below the level we need to turn a profit. 
We are spending much, much more than we make – I am talking millions of dollars, every day,″ chief executive Bernard Looney said in an email to staff shared with The Hill. 
“We have to spend less money.”
The oil industry has been hit particularly hard by the pandemic. 
A trade war between Saudia Arabia and Russia flooded the oil markets with crude sho
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