Saturday, October 16, 2021
HomeTechnologyHow much money does Google save each year by allowing workers to...

How much money does Google save each year by allowing workers to work from home?

More people are booking trips and hotels online now that the Covid-19 restrictions have been lifted, which is great for Google advertisement sector. Google workers, on the other hand, are working from home and not traveling too much on company time, which is good for the company’s bottom line.

According to a company filing, Google parent Alphabet Inc. saved $268 million in first-quarter expenses from company marketing, travel, and entertainment, relative to the same time a year ago, “primarily as a result of COVID-19.”

That would be more than $1 billion on an annualised basis. Indeed, due to the pandemic, Alphabet said in its annual report earlier this year that advertisement and promotional expenditures would fall by $1.4 billion in 2020 as the organization cut costs, paused or rescheduled promotions, and switched certain activities to digital-only formats. The amount spent on travel and entertainment decreased by $371 million.

ALSO CHECK: Get a tremendous discount with Myntra Coupons and Nurserylive Coupons

Many of the costs associated with recruiting thousands of more employees are covered by the savings. Moreover, despite a 34 percent increase in sales, the company was able to keep its marketing and operating expenses effectively stable in the first quarter due to the pandemic prudence.

Google is well-known for its perks, which include massage tables, catered meals, and corporate retreats, and which have inspired much of Silicon Valley’s work culture. Since March 2020, the majority of Google employees have served remotely and without those benefits.

Google, on the other hand, intends to return to the workplace later this year. Ruth Porat, the company’s chief financial officer, told investors that the company is planning a “hybrid” model in which employees are spaced less thinly than before. Google, according to Porat, will continue to invest in real estate around the world.



Please enter your comment!
Please enter your name here

Most Popular


Rubina Dilaik shared photos in a backless two-piece, going viral on the internet

Rubina Dilaik, the winner of TV's popular controversial show 'Bigg Boss 14', has come into the limelight. Since the show, his fan following on...

Samsung’s dazzling foldable 5G phone came to mess with the iPhone 13, the design made people crazy and the price blew the senses

Samsung W22 5G Foldable Phone Launched: Samsung has launched the W22 5G foldable smartphone in China. The foldable device will be a China-only model and...

Credit Card Statement: Why is it important to view credit card statements? If you don’t see then do a big mistake

Credit Card Statement: If you have a credit card from any bank, then it is very important to see its statement. The credit card...

RIL’s major statement on the merger with Zee was drafted, and Puneet Goenka was suggested as the MD and CEO

In the case of Zee Entertainment Enterprises Limited (ZEEL) and Invesco, a watershed moment has arrived. Case ZEEL-Invesco: In the case of Zee Entertainment Enterprises Limited...

Dussehra 2021: Do one item on Dussehra that corresponds to your zodiac sign, and you will always triumph over your adversaries

Dussehra 2021: The Vijayadashmi festival celebrates the triumph of good over evil. Lord Shri Ram killed Ravana on the day of Dussehra. On the day...


* indicates required