| Thread Tools |
30th April 2021, 10:02 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 152,455
| COVID-19 saved Google a billion dollars It seems a lot of business trips and office space was a waste of cash It appears that COVID-19 has taught big corporates that a lot of their antics are a waste of cash. In the small print of Google’s quarterly report, it would appear that the search engine saved a fortune by being forced to step out of its normal routine. Google saved $268 million in expenses from company promotions, travel and entertainment, compared to the same period a year earlier, "primarily as a result of COVID-19", according to a company filing. Annually that would be more than $1 billion. Indeed, Alphabet said in its annual report earlier this year that advertising and promotional expenses dropped by $1.4 billion in 2020 as the company reduced spending, paused or rescheduled campaigns, and changed some events to digital-only formats due to the pandemic. Travel and entertainment expenses fell by $371 million. The savings offset many of the costs that came with hiring thousands of more workers. And the pandemic prudence allowed the company to keep its marketing and administrative costs effectively flat for the first quarter, despite boosting revenue by 34 percent. https://fudzilla.com/news/52782-covi...illion-dollars |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Apple’s move to dump Intel saved it $2.5 billion | Stefan Mileschin | WebNews | 0 | 23rd November 2020 07:20 |
US to spend a billion dollars to replace Huawei | Stefan Mileschin | WebNews | 0 | 26th September 2019 15:36 |
Aussie grocer wants to save a billion dollars | Stefan Mileschin | WebNews | 0 | 21st June 2019 06:54 |
US court rules Qualcomm owes Apple a billion dollars | Stefan Mileschin | WebNews | 0 | 18th March 2019 07:06 |
Waymo demanded a billion dollars from Uber | Stefan Mileschin | WebNews | 0 | 14th October 2017 15:00 |
Hackers tried and failed to steal a billion dollars from bank | Stefan Mileschin | WebNews | 0 | 11th March 2016 08:28 |
Facebook makes half a billion dollars | Stefan Mileschin | WebNews | 0 | 23rd April 2015 13:29 |
Microsoft has bought Minecraft for $2.5 billion dollars | jmke | WebNews | 0 | 15th September 2014 14:28 |
Google finally tightens access to saved passwords in Chrome | Stefan Mileschin | WebNews | 0 | 5th November 2013 08:18 |
$1 Billion Dollars! Modern Warfare 2 Sales | jmke | WebNews | 1 | 15th January 2010 00:48 |
Thread Tools | |
| |