A lot of money is spent to provide food, entertainment and comfort to Google employees. But due to work from home, these allowances are not being given to the employees now. So the company has a lot of money left.
Due to Corona, the trend of ‘work from home’ has increased in the whole world. Hence, the cost of employees has now come down. All the world’s big companies, including Indian companies, have to spend less on the operational front than before. Veteran technology company Google has also earned a profit of Rs 7400 crore in the last one year due to work from home.
Reduced expenses on entertainment and comfort of employees
Google’s parent company Alphabet Inc. According to advertising and promotional expenses decreased by $ 1.4 billion in the year 2020. The company reduced expenses during the corona, stopped or rescheduled the campaign. Some events were converted to digital format only. In such a situation, travel and entertainment expenses were reduced by $ 371 million.
Workmen from home cuts allowance for employees
Google spends a lot for the entertainment of the employees and their comfort. At Google, a lot of money is spent to provide food, entertainment and comfort to the employees. But due to work from home, these allowances are not being given to the employees now. So the company has a lot of money left. However, at the end of this year, Google is planning to start working with the office again.
Chief Financial Officer Ruth Porat told investors that the company is planning a ‘hybrid’ model, with fewer employees than before. Porat also said that Google would not like to reduce investment in real estate worldwide.