Connect with us

Business

Google real estate executive says 5% more workers coming in to office each week

Published

 on

Alphabet Inc’s Google has seen an increasing number of employees coming in to its offices each week, particularly younger workers, the company’s real estate chief said during an interview at the Reuters Next conference on Friday.

On Thursday, Google indefinitely pushed back the mandated return date for employees due to concerns about the Omicron variant. The company had previously said its 150,000 global employees could be required to come in to the office as soon as Jan. 10.

Nevertheless, David Radcliffe, Google’s vice president for real estate and workplace services, said many Googlers are returning of their own volition. About 40% of its U.S. employees on average came in to the office daily in recent weeks, up from 20-25% three months ago, he said. Globally, 5% more employees are returning to offices week after week, he added.

“People are actually showing voluntarily that they want to be back in the office,” Radcliffe said. “We’re moving in the right direction.”

Younger employees and those who joined Google more recently have been coming in at higher rates, seeking opportunities to learn from colleagues, Radcliffe added.

Google expects workers in the office at least three days a week once it mandates a new return date.

Based on feedback from those already back, it is redesigning floor plans to increase private, quiet spaces for distraction-free individual work and adding conferencing and other collaboration areas in open spaces both indoors and outdoors.

Real estate and human resources experts have considered Google a trailblazer for the past 20 years in sustainable office design and variety of workplace perks, including free meals, massages and gyms.

To extend those sustainability and wellness benefits to remote work, Google has encouraged employees to buy carbon offsets and non-toxic furniture for their home offices. It also has provided free cooking classes and discounts to fitness studios near workers’ homes.

“It was amazing how many employees had really never cooked themselves,” Radcliffe said.

 

(Reporting by Paresh Dave in Oakland, Calif., and Julia Love in San Francisco; Editing by Sonya Hepinstall and Matthew Lewis)

Business

Apple grabs record China market share as Q4 sales surge-research

Published

 on

Apple Inc achieved its highest-ever market share in China in the fourth quarter, when it was the top-selling vendor there for the first time in six years, research firm Counterpoint Research reported on Wednesday.

The milestone coincided with the release of the iPhone 13, and amid otherwise stagnant demand for handsets as chief rival Huawei Technologies Co Ltd’s [HWT.UL] market share declined.

Apple’s smartphone market share reached 23%, a record for the brand. Its unit sales volume grew 32% year-on-year in the quarter, while total smartphone sales in China fell 9%, according to Counterpoint.

Counterpoint analyst Mengmeng Zhang cited a lower starting price in China and the impact of U.S. sanctions against Huawei, Apple’s main competitor in the high-end segment, as factors.

Apple last ranked as China’s top-selling smartphone brand in late 2015, just after the company launched its iPhone 6, which attracted Chinese consumers with their large screens.

In 2021 as a whole, Apple ranked as China’s third best-selling smartphone brand with 16% of the market.

Vivo and Oppo, two Android handset brands under the privately-owned BBK Electronics, ranked first and second with 22% and 21% respectively.

Year on year, Apple’s unit sales rose 47% while Huawei’s tumbled 68%. Overall smartphone sales in China fell 2%, according to Counterpoint.

Lengthening upgrade cycles have presented an ongoing dilemma for Chinese smartphone brands looking to maintain growth at home, as consumers delay purchasing new devices.

A global chip and component shortage has meanwhile rattled the entire electronics industry, affecting pricing and margins for all hardware makers.

(Reporting by Josh Horwitz, Editing by Louise Heavens and John Stonestreet)

Continue Reading

Business

Gold price remains down following 11.9% rise in U.S. new home sales – Kitco NEWS

Published

 on


Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!

(Kitco News) – The gold market remains under pressure but is seeing little movement following stronger than expected U.S. new home sales numbers.

New home sales increased 11.9% to a seasonally adjusted annual rate of 811,000 units last month, the Commerce Department said on Thursday. The sales data came in much stronger than expected as consensus forecasts expected a sales rate of 759,000 homes.

The report also noted that sales are down 14% compared to December 2020.

The gold market is not seeing much reaction to the latest housing data. Spot gold futures last traded at $1,836.98 an ounce, down 0.60% on the day.

According to some market analysts, gold is seeing little reaction to the latest economic data as traders prepare for the Federal Reserve’s latest monetary policy decision, which comes out in the afternoon. The U.S. central bank is expected to lay the groundwork for a rate hike in March.

Economists are closely watching the U.S. housing market. This sector could start to cool as rising interest rates will push mortgages higher.

Looking at some of the components of the latest housing report, the median sales price of new houses sold in December 2021 was $377,700. Meanwhile, the average sales price was $457,300. 

Looking at inventory levels, the report said that the supply of new homes sale as of the end of December totaled 403,000 homes, representing a 6-months supply.

Adblock test (Why?)



Source link

Continue Reading

Business

TD Bank to add 2,000 technology roles in 2022, expanding workforce by 2%

Published

 on

Toronto-Dominion Bank said on Wednesday it plans to hire more than 2,000 people to fill technology roles this year as it seeks to expand capabilities in engineering, automation, artificial engineering, cloud technology and cybersecurity.

The hiring plans would expand TD’s 89,658-strong workforce by about 2.2%, based on its fourth-quarter financial statement.

Canadian banks have poured capital into growing technological capabilities in recent years while shrinking headcounts, particularly as the COVID-19 pandemic turbocharged demand for online banking services.

But TD’s growth plans come at a time when other industries are also boosting their digital capabilities and demand for technology talent is already red-hot. Canada’s digital economy is likely to account for about 11% of all employment by 2025, triggering demand for an additional 250,000 jobs, the Information and Communications Technology Council said in an August report https://www.ictc-ctic.ca/ictc-labour-market-outlook-additional-demand-digital-talent-reach-250000-2025.

That puts an even bigger spotlight on the bank’s expenses after they rose 7% in fiscal 2021, driven in large part by variable employee compensation. The bank does not have a specific target for expense growth and will prioritize important projects that will drive growth, executives said on its fourth-quarter earnings call last month.

“Technology is now closer to our customers than ever before,” said Greg Keeley, senior executive vice president for platforms and technology at TD. “It is undeniably an incredibly competitive landscape as financial services compete with Big Tech and Fintech for top talent in the industry.”

 

(Reporting by Nichola Saminather; Editing by Will Dunham)

Continue Reading

Trending