Google puts construction of new giant campus in Silicon Valley on hold

According to media reports, the company commissioned was not informed when work would continue on the construction site. According to CNBC, office space, apartments and parks are to be built on the 32-hectare campus, which already has planning permission. The stop is said to have been made for cost reasons.

The Google parent company Alphabet announced earlier this year that it would cut around 12,000 jobs worldwide. In the last quarter of 2022, Alphabet had made less than expected sales and profits after Google posted declines, particularly in its important advertising revenue. The group is expected to publish new quarterly figures next week.