Technology

Facebook's Workplace tool reaches 7 million paid subscribers

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A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration

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May 4 (Reuters) - Social media platform Facebook Inc (FB.O)said on Tuesday that its Workplace tool had reached 7 million paid subscribers, up more than 40% from a year earlier.

The COVID-19 pandemic has changed work for millions globally who have switched from being in the office to working from home, fuelling demand for enterprise connectivity platforms, such as Workplace, Slack (WORK.N) and Microsoft Teams.

Workplace had 5 million paid users in May 2020.

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Microsoft Teams has 145 million daily users, versus 115 million in October, Microsoft Corp (MSFT.O) said last week. read more

In October, Facebook announced a global alliance with Deloitte to help companies use Workplace to meet the challenges of remote working.

Workplace, which is developed and run from Facebook's offices in London, was launched in 2016.

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Reporting by Kanishka Singh in Bengaluru; Editing by Himani Sarkar

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