Daily Management Review

Google to spend $7bn to create 10,000 jobs in the US


Google will invest $7 billion to expand its business in the United States, The Wall Street Journal reports.

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The company intends to double its office space and open several new data centres in the country within a year. As a result, the corporation will increase the number of its full-time employees by at least 10,000.

CEO Sundar Pichai said some of the money will be invested in the expansion of the corporation's existing offices. In particular, $1 billion will be invested in expansion in the company's home state of California. At the same time, the corporation intends to open three new offices: in Minnesota, Texas, and North Carolina.

The company annually spends billions of dollars on its business development and creation of new jobs. Last year, it was cut back because of the COVID-19 pandemic. However, the technology giant was able to significantly increase both revenue and net profit in 2020, and is now able to invest more in its business development.

source: wsj.com