Work-from-home saved Google a whopping $1 billion in 2020, offices may open this year - India Today

Work-from-home saved Google a whopping $1 billion in 2020, offices may open this year - India Today

Work-from-home saved Google a whopping $1 billion in 2020, offices may open this year - India Today

Posted: 29 Apr 2021 10:00 PM PDT

With the coronavirus outbreak last year, nearly every company went for the work-from-home model that has often been a hot topic during work culture talks. Work-from-home became the new normal, and the world's biggest tech companies were among the first ones to adopt this new system, including Apple, Microsoft, Facebook, Twitter, and Google. According to a new report, Google, specifically, managed to save up around $1 billion because a large chunk of its workforce was working from home.

As pointed out by Bloomberg, because of the pandemic, Google employees were not travelling as much as they would normally on the company's dime, and that, in addition to expenses from company promotions and entertainment, led to savings of $268 million during the first quarter this year, as compared to the same period last year. Google said in a company filing that this was "primarily a result of Covid-19." And if you calculate this expense on an annualised basis -- and because it has nearly been a year since Google shut its offices across the globe -- Google has saved more than $1 billion in expenses.

That is a big number, but not very surprising because Google had over 1.3 lakh full-time employees worldwide at the end of 2020, as per a report by Statista. And since most of these employees were working remotely, the company saved up a colossal amount in expenditure. Google is famous for going overboard in terms of giving perks to its employees, including massage tables, catered cuisine, and retreats to exotic locations. Because most workers were at home, Google managed to keep a lot of money unspent.

And that is when Google's business was not severely hit by the pandemic because the demand for internet-powered services grew dramatically last year. Google got a boost of around 34 per cent in revenues last year and if we go by the concept of "money saved is money earned", this revenue may be much higher.

Alphabet, the company that owns Google and has Sundar Pichai as the CEO, said in the filing that the advertising and promotional expenses dropped by a staggering $1.4 billion in 2020 as the company had to refocus on priorities around the pandemic. Google's parent company reduced spending, paused or rescheduled campaigns, and switched to the online-only format for some events -- such as the Google IO. Google saved up nearly $371 million last year in expenses for travel and entertainment.

Google used the savings to offset the costs incurred when hiring new talent, who were reported to be "thousands" in numbers. The marketing and administrative costs also remained flat because of the pandemic.

Although Google's expenses were quite low last year, it may not be the case this year. Unlike Facebook and Twitter that have asked most of their employees to work from home forever, Google said it will be opening offices in most locations sometime in September this year. Of course, this decision is subject to pandemic conditions but, given how many countries have recovered from the pandemic, it is likely to happen. Google will be going for a "hybrid" model where the staff will be seated with ample space between each other to reduce density in the premises.

Lots of Job Openings in Yakima But Few Apply - -

Posted: 30 Apr 2021 04:40 AM PDT

Lots of jobs are open in Yakima County and Washington State but companies say they can't find workers says Jon Smith President of the Yakima Chapter of the Society for Human Resource Management and Executive Director of the Yakima County Development Association. He says from fast food to the hospitality and manufacturing industry companies can't find the people they need to do the work. So what's the problem? Smith says many people are still concerned about the coronavirus. Others are busy with childcare or managing remote learning. But he says increased unemployment benefits also played a role in why people aren't applying for jobs. In a normal year to continue to receive unemployment benefits people were required to look for work and document job searches. But that requirement was suspended in March of last year because of the COVID-19 pandemic. Many companies are hoping the job search requirement is reinstated in the near future so businesses can see more potential workers.
Under the current pandemic the number of days a job is posted before it's filled has increased by about 25% in Yakima when compared to the time before the pandemic. However Despite all the news about jobs going unfilled, lots of jobs are open and officials say now is a great time to look and find a job. If you are looking for a job
Rep. Dan Newhouse will host his 2021 Job Fair for those living in the 4th Congressional District. The event is free is set for May 8 from 10:00 a.m. to 2:00 p.m. at the Three Rivers Convention Center in Kennewick, Washington.

READ MORE: See 50 remote jobs that can pay well

Apple, Shopify and Car Chip Shortages: Investments in the Spotlight - Bloomberg

Posted: 30 Apr 2021 07:49 AM PDT

[unable to retrieve full-text content]Apple, Shopify and Car Chip Shortages: Investments in the Spotlight  Bloomberg


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