Google to invest over $7 billion in US, create 10,000 jobs, Telecom News, ET Telecom

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Washington: Google on Thursday announced plans to invest more than $ 7 billion in the US this year and create thousands of jobs to support the economic recovery.

Managing Director Sundar Pichai said the move will “create at least 10,000 new full-time positions at Google in the US this year.”

Much of the investment will go into data centers that support internet search, email, and other services from the tech giant that expanded during the pandemic.

Pichai said Google “wants to be a part” of America’s economic recovery from the pandemic, investing in some communities new to the company as well as others in 19 states.

Google will spend $ 1 billion in its home state of California. Outside of the San Francisco Bay Area, Google announced it would create thousands of jobs in Atlanta, Washington DC, Chicago and New York.

“This will help bring more jobs and investment to different communities as part of our previously announced commitments to racial equality,” Pichai said.

The news comes from big tech firms under scrutiny by antitrust authorities for their growing dominance in key economic sectors, which has increased during the pandemic as more people turn to online services.

Antitrust lawsuits have been filed against Google in the US and elsewhere.

A blockbuster lawsuit filed by the US government last October accuses Google of maintaining an “illegal monopoly” on online search and advertising. Dozens of US states filed a lawsuit against Google in December alleging they had abused their internet search dominance to eliminate competition.

Google’s parent company, Alphabet, saw profits jump 17 percent to $ 40 billion in 2020, while sales rose to $ 182 billion.

According to its own report on economic impact released Thursday, Google said its various services “have contributed to more than two million American businesses, nonprofits, publishers, developers and developers totaling US $ 426 billion in economic activity Dollar allow. “