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Big tech companies are betting that the office is still the future.

Big tech companies like Meta and Google were among the first to announce during the pandemic that they would allow some employees to work from home permanently, but they’ve also spent billions of dollars to expand your office space.

Doubling the number of offices seems counterintuitive to many tech workers who continue to work remotely. In January, 48% of those in computing and math and 35% of those in architecture or engineering said they had worked from home at some point because of the pandemic, according to the Bureau of Labor Statistics.

But companies, real-estate analysts and workplace experts say a number of factors are driving the trend, including a hiring boom, the race to attract and retain top talent, and a sense of urgency. Realize that the office will play an important role in the future of work.

Debates over whether workers should be asked to return to the office can be tricky because some employees say they feel happier and more productive at home. . One way companies are trying to lure them back is by using premium office spaces with great amenities.

Big Tech executives say that offices will be expanded and buildings modernized will likely be spaces for people to collaborate rather than stare at screens. Meta, the parent company of Facebook, leased 730,000 square feet in Midtown Manhattan in August 2020 and has added space in Silicon Valley as well as in Austin, Texas; Boston; Chicago; and Bellevue, Wash.

Google said early last year that it will spend 7 billion dollars on new and expanding offices and data centers across the country in 2021, including $2.1 billion for a Manhattan office building on the Hudson River, and growth in Atlanta; Silicon Valley; Boulder, Colo.; Durham, NC; and Pittsburgh. Google also said in January that it would spend $1 billion on an office building in London.

https://www.nytimes.com/2022/02/26/world/big-tech-is-betting-that-offices-are-still-the-future.html Big tech companies are betting that the office is still the future.

Fry Electronics Team

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