Google Plans To Invest $9.5 Billion In US Offices, Data Facilities
TECHDIGEST – Google announced on Wednesday that it will invest $9.5 billion in US offices and data centers this year, up from over $7 billion in 2021.
Google’s (GOOG) large spend on office space comes as the company embraces a hybrid work paradigm. After two years of being entirely remote, the Alphabet-owned company has announced that many of its employees will be required to work in an office three days a week.
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“It might seem counterintuitive to step up our investment in physical offices even as we embrace more flexibility in how we work,” Sundar Pichai, the CEO of Alphabet and Google, said in a blog post on Wednesday. “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.”
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Google has announced that it will open an office in Atlanta this year, as well as continuing to develop and expand its Austin and New York offices. Google also stated that it will continue to invest in data centers in states such as Iowa, Nebraska, and Tennessee, among others.
Google said it intends to hire at least 12,000 additional full-time employees this year as part of the announcement.
When the epidemic hit in early 2020, Google and other tech companies were among the first to convert to remote employment. However, it appeared that the shift was just transitory. Google, like others in Silicon Valley, had previously spent billions on sprawling campuses and expensive employee incentives.
