Remote Work Could Bring Google $1B In Annual Savings

Google parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) could save a whopping $1 billion annually if employees continue to work from home the rest of the year and not travel, book trips and hotels online due to the COVID-19 pandemic, according to a company filing.

What Happened: Google saved $268 million in expenses from company promotions, travel and entertainment versus the same period a year earlier, primarily as a result of COVID-19, the company said Wednesday.

That equates to more than…


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