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posted by martyb on Sunday May 02, @11:19PM   Printer-friendly [Skip to comment(s)]
from the how's-YOUR-company-doing? dept.

Google is reportedly saving over $1 billion a year thanks to remote work:

Since its employees are working from home and aren't traveling anywhere near as much as they used to before the pandemic struck, Bloomberg suggests Alphabet has saved over $1 billion in the last year.

A recent filing by the company revealed it saved $268 million during the first quarter of the year due to a reduction in expenses from travel and entertainment as well as company promotions as a result of the pandemic. Alphabet noted in its annual report earlier this year that its travel and entertainment expenses fell by $371 million last year.

[...] The company also said that advertising and promotional expenses fell by a whopping $1.4 billion due to reduced spending, paused or rescheduled campaigns, and online-only events to announce its best Android phones. These savings helped offset the costs involved with hiring thousands of new workers.

[...] Google will allow its employees to continue working from home till September, after which they will have to formally apply for working remotely for more than 14 days per year.


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  • (Score: 4, Interesting) by c0lo on Sunday May 02, @11:49PM (4 children)

    by c0lo (156) Subscriber Badge on Sunday May 02, @11:49PM (#1145517) Journal

    https://www.businessinsider.com.au/googlers-fight-to-stay-home-apple-epic-go-to-court-2021-4 [businessinsider.com.au]

    While tech firms such as Microsoft and Twitter have announced plans to allow employees to work from home permanently, Google has resisted going fully remote, and employees said there’s an increasing sense of frustration among a faction of the workforce.

    --
    https://www.youtube.com/watch?v=aoFiw2jMy-0
    • (Score: 2) by fakefuck39 on Monday May 03, @06:16AM (3 children)

      by fakefuck39 (6620) on Monday May 03, @06:16AM (#1145590)

      Only if you completely misinterpret literally everything about this.

      >Since its employees are working from home and aren't traveling anywhere

      to you this means employees working from home instead of traveling to work. To reality, and to the understanding of anyone who has had a real job, this means they have consultants that travel onsite, and have some contracts which are flat or all-inclusive rate. Because their customer's office is closed, they don't need to fly there and save money. It has nothing to do with google's employees not working at a google office. It has to do with them not Traveling.

  • (Score: 1, Funny) by Anonymous Coward on Monday May 03, @01:14AM (1 child)

    by Anonymous Coward on Monday May 03, @01:14AM (#1145540)

    I knew being woke had a cost, but a billion dollars for transgender bathrooms? Are they using solid gold taps?

    • (Score: 1, Touché) by Anonymous Coward on Monday May 03, @02:13AM

      by Anonymous Coward on Monday May 03, @02:13AM (#1145563)

      Nope, that would one off costs. More likely they're using TP weaved with platinum wires.

  • (Score: 2) by JoeMerchant on Monday May 03, @02:08AM (1 child)

    by JoeMerchant (3937) on Monday May 03, @02:08AM (#1145561)

    Anytime we're having a tight quarter, corporate issues a travel restriction policy to "control costs and meet investor expectations..." Our sales people easily spend more in travel than they are paid in salary, bonuses and benefits on a normal year.

    --
    My karma ran over your dogma.
    • (Score: 4, Informative) by fakefuck39 on Monday May 03, @06:44AM

      by fakefuck39 (6620) on Monday May 03, @06:44AM (#1145594)

      As someone w/ half+ of his career spent in presales: that gets you past a tight quarter. It's cashing in existing relationships. You travel to less new potential clients as well. Statistically (in my experience), this loses incredible amounts of money in the long run. In fact, the more you let your sales staff literally piss away, the more you make. Now, my experience may be an anecdote, except it's not. It's 20+ years, at 100+ companies, internationally.

      With sales people, their salary is a rounding error. I'm an engineer, and even for me, flying first class gets me to the meeting better rested, and I perform better. The salary about half of what you make - the rest is commission and spiffs. For an actual account exec, it's 1/3 of what they make. So, you have a very average AE with $10mil in revenue, 20%+ of that is gonna be margin - that's 15% on hardware, about 25% on soft/licensing, and 30-40% on services. Who gives a flying fuck if the plane and hotel for a night is a couple of grand for the AE and a couple of PSEs? Throw in a random 40yo woman who's skinny and wears too much makeup in there to take notes and keep the conversation going. You'll get 95% of those deals w/o the travel. That 5% you don't get because you're not there is more than all the expenses. And that's forgetting that you have less chance w/ new clients if you're on a webex in a different state, unable to control the room and make them all pay attention.

      Business travel is not a cost center. It's the cost of goods. When you have a tight quarter, you cost through it in neutral. But you keep doing that, eventually you stop.

      But very good point. As opposed to the moron who posted the article, who thinks Travel means people driving from home to their office, and that entertainment and promotion conferences are something companies do for.. their own employees. c0lo. the big zero.

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