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May 26, 2020, 5:07 p.m. EDT

Google plans to begin reopening of some offices on July 6

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By Jon Swartz

Sundar Pichai, chief executive of Google parent Alphabet Inc. /zigman2/quotes/202490156/composite GOOGL +1.94% /zigman2/quotes/205453964/composite GOOG +1.85% , is penciling in July 6 as the date to reopen offices for employees who choose to return, according to a note he sent employees Tuesday. The initial wave would make use of roughly 10% of building capacity, with a goal of 30% capacity by September. Those who wish to remain working from home can expense up to $1,000 for equipment and furniture, Pichai told employees in a note Tuesday. "Assuming external conditions allow, we'll start to open more buildings in more cities," a Google spokesperson said, quoting from Pichai's note to employees. "This will give Googlers who need to come back to the office - or, capacity permitting, who want to come back - the opportunity to return on a limited, rotating basis (think: one day every couple of weeks, so roughly 10 percent building occupancy)." Shares of the search-engine giant are up 6% this year. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.45% is down 7.4% in 2020.

/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,469.93
+27.93 +1.94%
Volume: 0.00
July 2, 2020 4:00p
P/E Ratio
29.66
Dividend Yield
N/A
Market Cap
$1001.65 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,464.70
+26.66 +1.85%
Volume: 0.00
July 2, 2020 4:00p
P/E Ratio
29.55
Dividend Yield
N/A
Market Cap
$1001.65 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,130.01
+14.15 +0.45%
Volume: 0.00
July 2, 2020 5:19p
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