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GOOGL Stock Slightly Down, Google Reviews Work Plan, 20% Employees to Work Remotely

UTC by Ibukun Ogundare · 3 min read
GOOGL Stock Slightly Down, Google Reviews Work Plan, 20% Employees to Work Remotely
Photo: Google

Sundar Pichai said Google is developing more remote roles as part of the company’s new work plan.

American multinational technology company Google (NASDAQ: GOOGL) plans to ease up on its work plan. Per the company’s new work plan, Google will permit 20% of its employees to work remotely when its offices reopen later in the year. Notably, several companies all around the world have been forced to let employees work from home due to the coronavirus pandemic. At the peak of the global health crisis and business needed to keep running, employees had to telecommute.

Now, Google is taking another approach to its work plan by allowing more flexibility to its employees. This came after the company had previously taken a stern tact towards its return to work plan. In December, the company declared a plan to have its staff work three days a week in the office. At the time, Google sent an email to employees to update them on the work plan. As noted in the email, Google said it would be extending employees’ work-from-home period till the 1st of December. However, the technology giant added that the workers would have to physically report to work three days a week.

Google’s New Work Plan

Acting on the new work plan, Google said 60% of its total employees would be in the various offices a few days every week. In addition to the 20% that will be working from home, another 20% will be working from new office locations.

In an email, Google CEO Sundar Pichai expressed his concern with how employees have been faring. He noted that the extra benefits the workers have been receiving since the pandemic started were to help them through “this tough time.”

In the mail, Pichai revealed:

“Over the last year, a team within REWS has been reimagining a hybrid workplace to help us collaborate effectively across many work environments. They’re testing new multi-purpose offices and private workspaces, and working with teams to develop advanced video technology that creates greater equity between employees in the office and those joining virtually.”

He added that the effort is to help the Google teamwork with greater flexibility.

Google to Develop More Remote Roles For Employees

Pichai said Google is developing more remote roles as part of the company’s new work plan. This will allow more employees to work from anywhere they feel comfortable apart from the office.

Notably, this is different from other technology industries like Twitter Inc (NYSE: TWTR) and Facebook Inc (NASDAQ: FB) that allow a more relaxed work plan. They have workers working in remote locations and telecommuting “forever” or for at least a decade if they chose to.

At press time, GOOGL is trading at $2,310.30 in premarket trading. This is a 0.19% loss to its previous close of $2,314.77. The company’s stock has seen a surge of around 70% in the last year and a nearly 30% increase in the year-to-date record. It has risen by 14% in the past three months and advanced further by around 4% in the last month. However, it has seen a drop in its performance in the past five days by a little over 3%.

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Ibukun Ogundare

Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.

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