Google to invest $9.5B in US offices and data centers this year:
Google plans to invest $9.5 billion in US offices and data centers this year, the company said Wednesday. That's an increase from $7 billion spent on real estate in 2021.
The planned spending comes as the company begins to roll out its hybrid work strategy, which will allow many employees to work remotely part of the week.
"It might seem counterintuitive to step up our investment in physical offices even as we embrace more flexibility in how we work," said Sundar Pichai, Google and Alphabet CEO, in a blog post. "Yet we believe it's more important than ever to invest in our campuses and that doing so will make for better products, a greater quality of life for our employees, and stronger communities."
Google highlighted investments in offices across the country, including the opening of new premises in Atlanta and ongoing construction of an office in Austin, with work also under way on existing offices in New York, as well as campuses in Boulder, CO., Cambridge, MA., Pittsburgh, and Seattle. The company also expects to create 12,000 additional jobs this year.
(Score: -1, Redundant) by Anonymous Coward on Friday April 15 2022, @02:25PM (1 child)
Computer servers $2.5 billion
Ethernet cables $0.5 billion
New cubicles $2 billion
Product retirement expenses $0.5 billion
Transgender washrooms at all facilities $1 billion
Espresso machines $500 mllion
Hookers & blow for Sergei $2.5 billion
(Score: 0) by Anonymous Coward on Friday April 15 2022, @10:15PM
Funding so spoiled incels can post about what victims they are on Soylent News instead of having a job: $3 trillion
(Score: 0) by Anonymous Coward on Friday April 15 2022, @05:19PM
It's like the old mining towns. Yes, you work at home but remain
on callon campus for your convenience. Why would you ever leave, comrade?(Score: -1, Offtopic) by Anonymous Coward on Saturday April 16 2022, @12:02AM
nahhhh...never mind that would be setting the wrong precedent.
Send them military aid with invoices instead.
That will fix the problem and corporate America can resume business as usual.
What a stupid idea....investment in solving humanitarian problems.
(Score: 2) by zafiro17 on Saturday April 16 2022, @02:54PM (1 child)
Here in my area - Research Triangle, North Carolina - Google announced a new office campus in Raleigh at about the same time Apple did, and the real estate market went berzerk. In fact it's still berzerk now and shows no signs of abating.
They are probably playing the long game here: people will be back in the office at some point, at least in some form or another. And they're getting so many tax breaks and financial incentives to build these things out it is likely no longer a huge investment for them.
You don't need to offer free scooter rides to get people to come back to the office. You just need to make it worthwhile, ie by showing that people in the office advance more quickly in their careers than people dialing it in from home. The market will follow.
On the other hand, you can save a lot of money - and make some people happy - by allowing people to dial in from home if they want to. I personally love working from home and intend to keep it this way for a while longer. No commute, less purchase of fuel? Sign me up.
Dad always thought laughter was the best medicine, which I guess is why several of us died of tuberculosis - Jack Handey
(Score: 2) by Uncle_Al on Saturday April 16 2022, @08:26PM
Apple had a big campus land investment in San Jose's Coyote Valley that they sold