FILE PHOTO: The model brand of Alphabet Inc’s Google is seen exterior its workplace in Beijing, China. (Image for illustration/REUTERS)
Google is thought for the perks it gives its staff in its workplaces which vary from therapeutic massage tables, catered delicacies, company retreats, and the likes. However, all of that has been on maintain for the previous yr due to the COVID-19 pandemic, permitting the corporate to save a big sum of money.
With the COVID-19 pandemic extending to greater than a yr, persons are nonetheless working from dwelling since over a yr. A report in Bloomberg has estimated that Mountain View, California-based big Google is saving some huge cash as staff are working from dwelling. According to the report, Google mum or dad Alphabet saved $268 million (roughly Rs 1,987 crores) in bills from firm promotions, journey, and leisure in Q1 2021, as in contrast to the identical interval a yr earlier. The report cited an organization submitting as saying that these financial savings come because of COVID-19 primarily. Given that the quarterly financial savings come at $268 million, it brings the annual financial savings to greater than $1 billion (roughly Rs 7,400 crores) for the tech big.
Alphabet, in its annual report additionally stated that the promoting and promotional bills dropped by $1.4 billion (roughly Rs 10,360 crores) in 2020 as the corporate lowered spending, paused or rescheduled campaigns, and altered some occasions to digital-only format due to the pandemic. Travel and leisure bills fell by $371 million (roughly Rs 2,750 crores) in 2020. The financial savings offset lots of the prices that got here with hiring 1000’s of extra employees, the Bloomberg report stated. And the pandemic prudence allowed the corporate to maintain its advertising and administrative prices successfully flat for the primary quarter, regardless of boosting income by 34 p.c.
Google is thought for the perks it gives its staff in its workplaces which vary from therapeutic massage tables, catered delicacies, company retreats, and the likes. However, all of that has been on maintain for the previous yr due to the COVID-19 pandemic, permitting the corporate to save a big sum of money.
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