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Google's revenue growth fell by 5% in fiscal year 2020 due to the side effect of "home office" affecting work efficiency

via:博客园     time:2021/2/26 2:13:20     readed:181

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Text / LQ

Source: Xinzhiyuan (ID: AI)_ era)

Recently, in its 10-K report to regulators, Google said that in the process of preparing to let employees return to the office in 2021, it should be alert to possible work efficiency and financial problems.

If the home office can be finished in September 2021, the employees of Google and its branches in various countries will gradually return to work in the office, and the company will also carry out certain transformation of the office area to adapt to the epidemic situation that has not been completely ended, so as to provide a safe working environment for employees, which will increase the cost.

Google's office preference survey conducted in July last year showed that 62% of employees wanted to go to the office one day instead of every day.

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The restrictive measures adopted by governments vary, so it is not clear when each branch will be able to resume work or travel, and what specific implementation strategies will be adopted at that time.

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In December 2020, Google also announced to extend the home office hours to September 1, 2021, provided that employees go to the office at least three days a week and live within the designated office commuting distance.

That's more stringent than telecommuting rules at companies like Twitter and Facebook.

Google has always been known for its competitive corporate culture and employee benefits.

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In fiscal year 2020, Google's revenue and operation under the influence of new crown

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Comprehensive financial performance of Google in fiscal year 2020

In the second quarter, the user commodity search gradually increased, accompanied by a gradual increase in customer advertising spending, which continued throughout the second half of 2020.

The impact of the new crown on the global macro-economy is serious and unpredictable.

Google is not immune to the adverse effects of the new crown on economic activities. Its business, operating conditions and financial performance will be affected by a series of factors, such as the advertising expenditure of customers, the changes in consumer behavior and preferences, the deterioration of credit and customer liquidity, the recession economy and the turbulence of the capital market.

When the epidemic will end, the impact of unbalanced industries, the improvement of new crown test level, the progress of new crown treatment and prevention technology, the government's prevention and control of the epidemic, the policy of returning to work and production will affect the future economic recovery and development.

In response to these potential impacts, Google will continue to evaluate its investment plans in the near future, including recruitment, investment in data centers, servers, network equipment, etc;

10-K Report

10-K is a comprehensive report on the financial performance and operation of listed companies required by the securities and Exchange Commission (SEC). Specifically, it includes the company's history, organizational structure, financial status, earnings per share, branches, executive compensation and other information.

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△ Google fy2020 10-K report (full link attached)

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