Google will spend $7 billion and add 10,000+ jobs in 2021: Alphabet CFO Ruth Porat

Tech giant Google (GOOG, GOOGL) on Thursday announced it will spend $7 billion this year on an expansion of its U.S. facility footprint, adding at least 10,000 jobs across a host of cities, among them Atlanta, Washington, D.C., Chicago and New York.

The investment defies concerns over a potential tech pullback in 2021 as widespread vaccination allows Americans to spend more time outside their homes, and it positions Google as a major private sector contributor to the economic recovery from the COVID-19 downturn.

Plus, the move pours funds into diverse metropolitan areas beyond Silicon Valley, helping the company hire a more inclusive workforce; all while reaffirming its commitment to California, where Google will invest $1 billion, Google CEO Sundar Pichai wrote in a blog post on Thursday.