Monday, May 16

Google will invest more than 1,000 million dollars in its London offices

Even if Google, central part of Alphabet-A, offers us everything so that we can do it from home, the technological giant still believes in the importance of I work at the office. Therefore, it has decided to invest 1.000 million dollars in office space currently using in London according Stu Woo en The Wall Street Journal.

The purchase of the site, called Central Saint Giles, near the British Museum, comes as the Alphabet Inc. unit is building a huge new UK headquarters a mile and a half away, next to the train station King’s Cross From london.

The purchase “represents our continued trust in the office as a place for in-person collaboration and connection,” he said. Ronan Harris, Vice President of Google for the United Kingdom and Ireland, in a blog post on Friday. Google said it plans to renovate the office it just bought to add covered outdoor work areas as well as “team pods,” which it describes as flexible spaces that can be reconfigured for individual or collaborative work.

Like many companies, Google has adjusted its work from home policies during the pandemic. But he has also repeatedly signaled his expectation that offices remain a central part of the company’s work. At the beginning of last year, he said he would spend 7,000 million dollars to expand its footprint of offices and data centers in the US, including investing $1 billion in his home state of California.

Last year, the Alphabet CEO Sundar Pichai, said Google would move to a hybrid workweek in which employees work from the office three days a week. “The future of work is flexibility,” he stressed at the time. It then required American employees to return to the office on January 10, but postponed those plans last month when the variante Omicron began to spread.

The company said it would wait until later this year to decide when its latest back-to-office plan would take effect. In the meantime, he encouraged employees to “continue to come in voluntarily where conditions allow, to reconnect with colleagues in person and to start regaining the muscle memory of being in the office more regularly.”

Google said it has more than 6,400 employees in the UK, having added nearly 700 last year. will have the capacity to 10,000 employees when the construction of its new complexes in London is finished.

Alphabet is trading at $2,792 and Ei indicators are all bearish.