Google will invest $ 7 billion in a bet on the post-pandemic office


Google says it is doubling the office.

The Alphabet Inc GOOG,
+ 0.34%.
The unit said it would spend $ 7 billion this year to expand its office and data center footprint in the United States, including investing $ 1 billion in its home state of California. The search engine giant said it would hire at least 10,000 new full-time employees over the course of the year in anticipation of a post-pandemic recovery in the US.

The spending commitment follows a slowdown in investment by Google about a year ago, when the magnitude of the Covid-19 crisis was beginning to take shape. Last April, Alphabet and Google CEO Sundar Pichai told staff in a memo that Google would cut hiring amid the pandemic.

Like other big tech companies, Google has thrived over the past year, benefiting from an accelerating shift in online ad spend. Despite that growth, its investment in the US planned for 2021 is less than pre-pandemic levels; invested an annual average of $ 11 billion in 2018 and 2019.

An expanded version of this article appears on WSJ.com

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