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Alphabet Inc (NASDAQ: GOOGL) stock traded around $2,896.50, up approximately 0.09%. Notably, GOOGL stock has added approximately 68.51%, 65.12%, and 22.08% in the past year, year to date, and three months respectively through Tuesday according to MarketWatch. Google LLC, a major subsidiary of Alphabet, announced in a blog post on Tuesday that it is extending its return to the office.
According to Sundar Pichai, CEO of Google and Alphabet, the Covid pandemic has pushed the company to continue adopting its work from home policy. Later the company will assess the situation in accordance with the location and Covid distractions.
“Beyond January 10, we will enable countries and locations to make determinations on when to end voluntary work-from-home based on local conditions, which vary greatly across our offices. To make sure everyone has ample time to plan, you’ll have a 30-day heads-up before you’re expected back in the office,” Pichai noted.
He added that all employees working from home should take this period to rest as the road ahead may be a little longer. “Finally, encouraging Googlers to rest and recharge during this time remains a big priority so we will plan two more global reset days next quarter: Oct 22 and Dec 17,” he explained.
Google amid COVID-19 Pandemic, Company’s Work Out of Office
The company adopted the work from home policy last year when the Covid pandemic devastated most places its offices are situated. Over time, several coronavirus vaccines have been approved for mass use, resulting in a much stable condition. However, the emergence of the mutated virus has complicated the issue with the number of new cases rising in most places.
Al in thoughts, the conditions might not be hard-hitting as most people have already readjusted to the new norm.
Notably, Alphabet and its subsidiaries have committed to fight the coronavirus menace at all costs.The company donated thousands of Covid vaccines and donated millions in the fight against the pandemic.
“Overcoming the pandemic will require a coordinated effort on a global scale. To do our part, today we’re announcing that we’re providing 250,000 COVID-19 vaccinations to countries in need, helping fund pop-up vaccine sites in the U.S., and committing an additional $250 million in Ad Grants to connect people to accurate vaccine information,” the company explained earlier this year.
GOOGL stock market has, however, continued to win as more companies adopt its online services. With a $1.93 trillion market capitalization, Wall Street analysts are positive its stock market is poised to rally further in the coming quarters. According to a survey conducted by MarketWatch, 46 ratings gave GOOGL stock market an average of Buy rating.
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