Google to pump in $1 billion to build new offices

Tuesday, 18 December 2018, 04:37 Hrs
33
cmt right
36
Comment Right
43
cmt right
7
cmt right
Printer Print Email Email


Google revealed that it would invest USD 1 billion in the construction of new offices in New York, an announcement that comes weeks after both Amazon and Apple made known their individual expansion projects in the Big Apple.

In a posting on the company's blog, Google Vice President and Chief Financial Officer Ruth Porat said the name of the new campus, which will occupy 158,000 sq metres (1.7 million sq feet), will be Google Hudson Square and will be located between Soho and Greenwich Village neighborhoods of Manhattan, EFE news reported on Tuesday.

In an interview with The Wall Street Journal, Google's director of public policy and government relations, William Floyd, noted that his company's talk about increasing its payroll in New York over the next 10 years by another 7,000 employees is a "conservative estimate."

"New York City continues to be a great source of diverse, world-class talent - that's what brought Google to the city in 2000 and that's what keeps us here," Porat said.

Google, with headquarters in Mountain View, California, joins two other tech giants from the West Coast, Amazon and Apple, which recently announced plans to further expand their presence in New York.



Read more news:



Saraswat Co-operative Bank, First to go Live on Whatsapp Channel from Co-operative Sector



Trump commits to $750 bn defence budget


Source: IANS
SPOTLIGHT
Career
Wiley, a global leader in research and education has announced a series of blended learning progr..
Entertainment
"Game of Thrones" author George R.R. Martin doesn't want season eight to be the final chapter of "..
Business
The Pentagon has selected Microsoft and Amazon Web Services (AWS, the cloud computing arm ..
Gadgets
Google Pixel and OnePlus smartphones are catching up and giving stiff competition to Samsu..
Finance
The Reserve Bank of India injected a total liquidity of Rs 2.98 lakh crore in the market in 20..
Enterprise IT
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will laun..
US Indian
Facebook-owned photo messaging app Instagram has launched the beta version of its in-app sh..
Startup City
Youth are leading India's start-up ecosystem where the median age of founder-entrepreneurs..
Technology
Facebook-owned messaging app WhatsApp is still developing its previously announced "Vacatio..