It has been learned that Google and Intel have put their offices in Silicon Valley, the technology center of the world, up for sale. Companies state that they made this move to offer better opportunities to their existing employees after downsizing.
From the middle of last year until now, all the big tech companies have grown in huge numbers. signing the layoffs it was on the agenda and created a stir. At the head of these companies was Silicon Valley giant Google.
According to a new information, Google and Intel want to take the welfare they have achieved with the layoffs to the next level, and accordingly It was learned that they put their offices in Silicon Valley up for sale.
Intel and Google continue to shrink
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Popular technology company and chip maker Intel’s Silicon Valley 470,000 square meters has an office. According to the information received, the price of the sale is not disclosed to the public at the moment, but according to foreign sources, it is worth it. 193 million dollars.
On the other hand, Google has decided to reconsider the Downtown West project in Silicon Valley. Due to the fact that the construction will take years due to the interruption of the project during the pandemic period. High probability of cancellation.
As you know, these big companies have participated in a huge wave of layoffs in the past months. Google, equivalent to 6% of the workforce laid off 12,000 people. Now the reason they want to sell this huge office is to provide a better and more qualified working environment for their dwindling employees.
Source :
https://nypost.com/2023/03/17/big-tech-companies-are-selling-their-silicon-valley-campuses/