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Here's how much money Google is saving with employees working from home | Companies News

Highlights
Albhabet Inc. revealed that the company saved $268 million in expenses.
The tech giant had also stopped its several advertising and promotional expenses.
Employees of all major firms are working from home to prevent themselves from catching Covid-19. While employees are getting more time in hand in WFH norms, employers on the other hand are saving big bucks that were normally spent in managing staff at physical offices.
For instance, Google is likely to save more than $1 billion if WFH rituals continue in 2021. In its earnings report for the first quarter of 2020, Google’s parent firm Albhabet Inc. revealed that the company saved $268 million in expenses from company promotions, travel and entertainment when compared to its expenses in the same period last year. If the savings continue alike in the upcoming quarters then Alphabet can easily save $1 billion on an annualized basis. ....

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Jeff Bezos Is Once Again Worth A Staggering $200 Billion

Jeff Bezos Is Once Again Worth A Staggering $200 Billion
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Dow Jones & S&P 500 Recover, Amazon and Google Earnings Impress

Alphabet and Amazon, companies worth more than $3.3 trillion combined, reported earnings Tuesday afternoon. The impressive results might set the stage for a continued rebound in sentiment. ....

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