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Google and Intel sell their Silicon Valley offices: why?

  • March 18, 2023
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From the middle of last year to now, all major tech companies have experienced tremendous growth. signing the redundancies was on the agenda and caused quite a stir.

Google and Intel sell their Silicon Valley offices: why?

From the middle of last year to now, all major tech companies have experienced tremendous growth. signing the redundancies was on the agenda and caused quite a stir. At the head of these companies was Silicon Valley giant Google.

According to new information, Google and Intel want to take the prosperity they achieved with the layoffs to the next level, and accordingly It was learned that they had put their offices in Silicon Valley up for sale.

Intel and Google continue to shrink

Popular technology company and chipmaker Intel’s Silicon Valley 470,000 square feet has an office. According to the information received, the price of the sale is currently not disclosed to the public, but according to foreign sources, it is worth it. $193 million.

On the other hand, Google has decided to rethink 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 chance of cancellation.

As you know, these big companies have participated in a huge wave of layoffs in recent months. Google, equivalent to 6% of the workforce 12,000 people laid off. The reason they want to sell this huge office is to provide a better and more qualified working environment for their dwindling employees.

Source: Web Tekno

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