Google has reportedly saved as much as $1 billion over the past year, after deploying a remote or "work-from-home" set up due to the coronavirus pandemic that has threatened its infection via socialization. This led to the conceptualization and consideration of a Hybrid work setup for the Mountain View giant, which would have less volume than its 100 percent operations.
Things will never be the same after the COVID-19 pandemic, and that means that people may still observe social distancing, frequent hand washing, carrying hand sanitizers or alcohols, and many more. But another takeaway from this pandemic is that the world can adapt to a remote work setup, particularly as technology can already carry it out via the internet and computers.
The transition from on-site to home-based work setup may have been harsh for some people, but as soon as adaptation and settling in occurred, things were never the same for even the old-time workers. This also led to corporations opting for the use of robots and other services for its site-based setup, and essential workers to adapt during the pandemic.
Google's Work-from-Home During Pandemic Offset Costs
According to Bloomberg (via Yahoo Finance), Google shared in its recent quarterly earnings report that it has saved $268 million in expenses regarding operating costs, company promotions, and travel and entertainment during the pandemic. An annual or yearly status would amount to more than $1 billion in savings in remote setup alone.
Operating costs are massive for Google during the 100 percent on-site work setup it had before. Different aspects like the service transportation to its facility, food, and other amenities had come from the company's pockets. While Google fell in certain aspects since March 2020's lockdown, the operating costs have offset these losses, keeping the company's marketing costs flat instead of plummeting.
Google to Go Hybrid in Work Setup
Now that vaccines have rolled out and are nearing the completion of the two-booster shots against COVID-19, Google has claimed that it would soon go back to having people buy its offices later this year. However, Chief Financial Officer (CFO) Ruth Porat said that Google has been looking into a "hybrid" work setup that would decrease the number of people reporting on-site.
During the first quarter of 2021, Google has shown a record-high of its profits that have risen despite the many hindrances during the pandemic. The company's performance has been boosted due to its search engine and advertisements that resulted from the public looking into travel destinations after this pandemic.
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Written by Isaiah Alonzo
