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Title    Google is Reportedly Saving Over $1 Billion a Year Thanks to Remote Work Policy
Date    Sunday May 02, @11:19PM
Author    martyb
Topic   
from the how's-YOUR-company-doing? dept.
https://soylentnews.org/article.pl?sid=21/05/01/1948256

upstart writes in with an IRC submission for c0lo:

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.


Original Submission

Links

  1. "upstart" - https://soylentnews.org/~upstart/
  2. "Google is reportedly saving over $1 billion a year thanks to remote work" - https://www.androidcentral.com/google-reportedly-saving-over-1-billion-year-thanks-remote-work
  3. "Bloomberg" - https://www.bloomberg.com/news/articles/2021-04-28/google-is-saving-over-1-billion-a-year-by-working-from-home?sref=VvJhl47t
  4. "filing" - https://www.sec.gov/ix?doc=/Archives/edgar/data/0001652044/000165204421000020/goog-20210331.htm
  5. "best Android phones" - https://www.androidcentral.com/best-android-phones
  6. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=49095

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printed from SoylentNews, Google is Reportedly Saving Over $1 Billion a Year Thanks to Remote Work Policy on 2021-05-12 08:28:13