Google to invest $9.5B in US offices and data centers this year
Google plans to invest $9.5 billion in US offices and data centers this year, the company said Wednesday. That’s an increase from $7 billion spent on real estate in 2021.
The planned spending comes as the company begins to roll out its hybrid work strategy, which will allow many employees to work remotely part of the week.
“It might seem counterintuitive to step up our investment in physical offices even as we embrace more flexibility in how we work,” said Sundar Pichai, Google and Alphabet CEO, in a blog post. “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.”