Google halts construction on its 80-acre San Jose campus

with NO plans to restart in the 'near future' as company slashes costs by laying off workers and cutting perks

• Google is halting construction on its planned 80-acre campus in San Jose

• The company has already gutted its development team for the campus

• Rising interest rates and fears of a recession have forced cuts at Alphabet

Google is halting construction on its 80-acre campus in San Jose with no plans to pick it up again in the 'near future,' as they begin a series of layoffs and cost cutting measures.

The Google village, named Downtown West, would have included shops, restaurants, a hotel, and cultural and entertainment hubs, as well as potentially acting as the campus for 25,000 Google employees.

The company gutted its development team for the campus - which they said would have an economic impact of $19billion - earlier this year in a series of downsizing efforts as the economy gets worse for big tech.

Rising interest rates and fears that the country is on the brink of a recession have forced the cuts.

The plan was to break ground on the site before 2023 ended but it was paused after worries of delays at the start of the year, with no plan to begin again. …

https://www.dailymail.co.uk/news/article-12003349/Google-halts-construction-80-acre-San-Jose-campus-NO-plans-restart-near-future.html