Major tech outlets recently announced freezes on new hires and cuts in the planned New York office expansion.
Meta platforms inc META has decided not to take the additional 300,000 square feet of space at 770 Broadway near its existing office.
Similar, Amazon.com, Inc AMZN According to reports, decided to reduce the planned rental space JPMorgan Chase & Co JPM at Hudson Yards.
still alphabet inc Google chairman Sundar Pichai says he is optimistic about the company’s growth and expansion in New York City.
“Personally, I’m optimistic about our growth in New York as a company over the long term. However, we would only do so if we are optimistic about accessing tech talent and being able to scale up,” he said Crains New York shop.
Google’s expansion
As of September 2021, the company employed 12,000 people in New York. Google has said it will add at least 2,000 employees to its urban workforce in the coming years.
Also read: Google execs threaten workers with layoffs, saying ‘there will be blood on the streets’
Last year, Google announced it bought a $2.1 billion Manhattan office building to anchor its new campus in Hudson Square.
Google is also evaluating the option to acquire the St. John’s Terminal building as part of its existing plans to invest over $250 million in its New York campus presence. The terminal is scheduled to open in mid-2023.
It also mentioned building a 1.7 million square foot campus in Hudson Square to serve as the New York headquarters for its global business organization.
Earlier this year, Google opened its new campus at Pier 57, including office space in three buildings.
Pichai told Crain’s that the city’s tech ecosystem, which includes more than 1,000 fintech startups, is a big lure for Google.
Pichai said access to diverse talent is a big part of the appeal for the company’s “pretty profound” growth in New York.
“When I looked at certain sectors like fintech, I was surprised by the scale…
