Google will invest $ 7 billion in office betting after the pandemic

Google says it doubles the office.

The Alphabet Inc GOOG,
+ 0.34%.
the unit said it would spend $ 7 billion this year expanding its U.S. office and data center footprint, including pouring $ 1 billion into its home state of California. The search engine giant said it would hire at least 10,000 new full-time staff during the year pending a recovery from the US pandemic.

The spending commitment follows a slowdown in Google’s investment about a year ago as the scale of the Covid-19 crisis began to take shape. Last April, Alphabet and Google CEO Sundar Pichai told staff in a memorandum that Google would delay the lease amid the pandemic.

Like other large technology companies, Google has flourished over the past year, benefiting from a rapid shift in online advertising spending. Despite the growth, US investment planned for 2021 is below pre-pandemic levels; it invested an average of $ 11 billion annually in 2018 and 2019.

An extended version of this article appears on WSJ.com

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