According to data provided by AlphabetIn the first quarter of this year, the company's expenditures on publicity, travel, entertainment and other projects decreased by approximately US$2.68 million compared with the same period last year. The main reason is that due to the impact of the epidemic, most employees have been able to work flexibly from home, and the proportion of travel has also been greatly reduced. The number of external events and publicity projects has also been significantly reduced. Therefore, if the full year is viewed, at least more than US$10 billion in funds will be saved.
In an earlier report, Alphabet revealed that its spending on corporate advertising and promotional activities decreased by $14 billion last year, while travel and entertainment projects decreased by $3.71 million.Fiscal Year 2021 First Quarter Financial ReportAlthough the cumulative revenue reached US$553.14 billion, a year-on-year increase of 34%, Alphabet did not make any adjustments to its marketing expenses and administrative expenses, which were basically the same as the same period last year. The main reason was that under the influence of the epidemic, Alphabet still remained cautious in projects such as external publicity.
However, Alphabet stated that it will streamline its budget and invest in human resources. Compared with the same period last year, the number of global employees reached 12, and now has accumulated to more than 3048.
Although employees will be allowed to return to the office to work, Alphabet CFO Ruth Porat said that employees will still maintain work flexibility and can still choose to work in the office or work remotely from home according to their needs. At the same time, the work locations in the office will not be as densely arranged as in the past.
However, according to business development needs, Ruth Porat said that Alphabet will continue to invest and set up offices around the world in the future.
