Google is betting big on the future of the office with $9.5 billion in investments planned for such facilities in 2022.
Alphabet CEO Sundar Pichai said as much in a blog post, adding that Google plans to invest in new and existing datacenters as well as offices in the coming year. Pichai said that Google expects to create 12,000 new full-time Google jobs by the end of 2022. Over the past five years, Google said it has invested $37 billion in 26 US states, creating over 40,000 full-time jobs.
Google made the call to wind down pandemic-related remote work for its employees in March when it announced it wanted people back on site at least three days a week beginning in early April. Pichai said physical office investment may seem counterintuitive in the current environment, but he restated Google's position that remote work isn't the future.
"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," Pichai said.
Google's economic impact report was released the same day as Pichai's blog, and he took the opportunity to share that Google provided $617 billion in economic activity for US businesses, while Android apps created two million jobs, and its video platform YouTube supported 394,000 jobs in 2020.
Pichai had a sizeable list of office and datacenter plans for 2022 to discuss, including the following:
Google also said it plans to expand its presence in the Bay Area, including further investment in its affordable housing commitment, the conditions for which - it could be argued - Google helped create. ®
https://www.theregister.com/2022/04/13/google_to_invest_95b_real_estate/
Created by Tan KW | Aug 08, 2024
Created by Tan KW | Aug 08, 2024
Created by Tan KW | Aug 08, 2024