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The Wall Street Journal: Google to invest $7 billion in bet on post-pandemic office

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Google says it is doubling down on the office.

The Alphabet Inc
GOOG,
+0.27%
.
 unit said it would spend $7 billion this year on expanding its footprint of offices and data centers across the U.S., 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 over the course of the year in anticipation of a post-pandemic recovery in the U.S.

The spending commitment follows a slowdown in investment by Google about a year ago, as the magnitude of the Covid-19 crisis was starting to take shape. Last April, Alphabet and Google Chief Executive Sundar Pichai told staff in a memo that Google would slow hiring amid the pandemic.

Like other big tech companies, Google has flourished over the past year, benefiting from an accelerated shift in online ad spending. Despite that growth, its U.S. investment planned for 2021 is lower than pre-pandemic levels; it invested an annual average of $11 billion in 2018 and 2019.

An expanded version of this article appears on WSJ.com

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