Despite the pandemic: Google invests $ 7 billion in post-pandemic office
Google said that community, bringing people together is at the core of their corporate culture and office spirit, so they are investing $ 7 billion in an existing office, as well as opening offices in Minnesota, Texas (the highest priority point for technological growth in recent years) and North Carolina. Also Google plans to double office expenses. This decision seems significant and even somewhat surprising against the backdrop of the triumphant march of the distance, which the companies became closely acquainted with in the "covid" 2020.
In a pandemic year, Google, like everyone else, slowed down recruitment, but now is the time to pick up steam. The company said it will add thousands of new employees at existing sites in Atlanta, Washington, DC, Chicago and New York, expanding the company's multi-year expansion beyond Silicon Valley. According to Alphabet, there were over 135,000 Google employees worldwide as of last year.
On March 18, the CEO of Google Inc. and parent company Alphabet, Sundar Pichai, explained the decision on his blog: “Face-to-face communication for collaboration and community building is at the core of Google's culture. And this will be an important part of our future. "
This decision by Google is also due to the fact that large companies have rethought their office work after a difficult year, when many employees worked from home. Google was one of the first major US corporations to officially extend covid remote retirement for employees, deciding last summer that employees would work from home until at least July 2021. As the number of Covid-19 cases in the United States stabilizes or declines in most states and vaccinations gain momentum, executives are now discussing when and how to return to offices.
Now the search giant expects employees to return to offices in the fall. Employees are expected to retain the right to work remotely two days a week. Google's policy here differs from that of other tech companies like Twitter and Facebook, which plan to allow more of their employees to continue working remotely and after deep vaccinations.
How is Google doing?March 26 will mark a year since Russian companies, along with the rest of the world, went to work remotely. Somewhere remote work has taken root, somewhere not, today many have already returned to their offices, but there are also quite a few companies that have chosen remote work for themselves until the last covid one who recovers. This largely depends on the profile of the company, the scope, number and ability to provide proper working conditions in the office space.
Since 2018, Google has more than doubled the number of its data centers in the United States, in line with the growing volume of digital information generated daily by individuals and businesses. In recent years, the company has invested heavily in its cloud business as it expects to see growth beyond its ad revenue (however, it was Google's online ad revenue that grew significantly in 2020). In 2020, the company began ramping up revenue for its cloud division, reporting that sales rose 46% to $ 13.08 billion from 2019. Spending rose 51% over the same period to $ 5 billion.
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