Google doubles down on office space despite the rise in remote work

On Thursday, Google (GOOG) stated it plans to take a position greater than $7 billion in places of work and information facilities in the United States and create not less than 10,000 further full-time jobs this yr.
“Coming together in person to collaborate and build community is core to Google’s culture, and it will be an important part of our future,” CEO Sundar Pichai stated in a blog post. “So we continue to make significant investments in our offices around the country.”

Google stated it would make investments greater than $1 billion this yr in its house state of California. The firm additionally plans to develop its different places of work, together with including 1000’s of roles in Atlanta, Washington, DC, Chicago and New York.

Google plans to take a position $250 million in New York City this yr and can develop its headcount in the metropolis to 14,000 over the subsequent few years, up from 11,000 at the moment, Mayor Bill de Blasio announced on Thursday.
Silicon Valley’s greatest corporations had been among the first businesses to inform their workers to work remotely as the coronavirus started spreading in the United States. Now, a few of these corporations are amongst the most aggressive in increasing their office footprint.
Last yr, Facebook said it will purchase a beforehand unused company headquarters from outside retailer REI, despite the fact that it plans to shift extra of its workers to working from house in the coming years. Facebook CEO Mark Zuckerberg has said that he might see half of Facebook’s workers completely working remotely inside the subsequent 5 to 10 years.
Amazon announced plans to rent 3,500 extra staff in numerous US cities final fall. It stated it would develop places of work in New York, Dallas, Detroit, Denver, Phoenix and San Diego, ensuing in greater than 905,000 sq. toes of further office space.

Many tech corporations have thrived throughout the pandemic and are including 1000’s of staff at a time when different corporations are present process layoffs and even shutting down. These tech giants may afford to be extra opportunistic in selecting up business actual property no matter whether or not they have longer-term plans for transitioning to extra remote work in the future.

Unlike some startups and smaller tech companies which have promised everlasting remote work choices, Big Tech has spent billions on elaborate offices over the years and could also be extra reluctant to desert in-person work after the pandemic ends.


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