{"id":157705,"date":"2023-02-11T18:28:07","date_gmt":"2023-02-12T00:28:07","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/02\/another-tech-giant-paying-millions-to-get-out-of-office-leases"},"modified":"2023-02-11T18:28:07","modified_gmt":"2023-02-12T00:28:07","slug":"another-tech-giant-paying-millions-to-get-out-of-office-leases","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/02\/another-tech-giant-paying-millions-to-get-out-of-office-leases","title":{"rendered":"Another tech giant paying millions to get out of office leases"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/another-tech-giant-paying-millions-to-get-out-of-office-leases2.jpg\"><\/a><\/p>\n<p>Google announced in last week\u2019s earnings call that it would pay millions of dollars to consolidate office leases across the globe.<\/p>\n<p>\u201cIn the first quarter of 2023, we expect to incur approximately $500 million of costs related to exiting leases to align our office space with our adjusted global headcount look,\u201d Chief Financial Officer Ruth Porat said. \u201cWe will continue to optimize our real estate footprint.\u201d<\/p>\n<p>Many of the lease terminations will be in the Bay Area. \u201cWe\u2019re ending leases for a number of unoccupied spaces, and will work to consolidate under-utilized spaces in the future,\u201d Google spokesperson Ryan Lamont wrote SFGATE in an email. \u201cOur campuses remain a cornerstone of our culture, but we\u2019re working to ensure we invest in real estate efficiently and that our investments match the current and future needs of our hybrid workforce.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google announced in last week\u2019s earnings call that it would pay millions of dollars to consolidate office leases across the globe. \u201cIn the first quarter of 2023, we expect to incur approximately $500 million of costs related to exiting leases to align our office space with our adjusted global headcount look,\u201d Chief Financial Officer Ruth [\u2026]<\/p>\n","protected":false},"author":609,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,20],"tags":[],"class_list":["post-157705","post","type-post","status-publish","format-standard","hentry","category-finance","category-futurism"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/157705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/609"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=157705"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/157705\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=157705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=157705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=157705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}