Google expected to create 10,000 construction jobs
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Tech giant Google is expanding its presence across the United States. CEO Sundar Pichai has announced the Alphabet-owned company will spend more than $13 billion on new data centers. In doing so, they will expand their U.S. presence to 24 states.
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States expected to get their first Google site include:
- Nebraska
- Nevada
- Ohio
- Texas
- Oklahoma
- South Carolina
- Virginia
Along with the news is word the decision will create “tens of thousands” of new jobs in addition to the 10,000 construction jobs needed to build the data centers. Pichai said:
“In the last year, we’ve hired more than 10,000 people in the U.S. and made over $9 billion in investments. Our expansion across the U.S. has been crucial to finding great new talent, improving the services that people use every day, and investing in our business.”
Pichai went on to say this new growth will allow the company to invest in the communities where their data centers currently are and will be located. The company also hopes to improve products and services that help “billions of people and businesses globally.”
To read CEO Sundar Pichai’s entire article about the announcement, including a full list of new locations, click here.
Insider trading lawsuit filed against Current, Former CBS Executives before Sexual Harassment Claims Made
The Wall Street Journal reports former Chairman and CEO Leslie Moonves, acting CEO Joe Ianniello, Chief Accounting Officer Lawrence Liding and former communications chief Gil Schwartz are being accused of insider trading. The lawsuit alleges the three sold more than 3.4 million shares worth $200 million just before the company announced it would investigate Moonves for sexual harassment claims.
Joe Flint with the WSJ says the lawsuit alleges Moonves alone “sold stock valued at $155.3 million between June 2017 and May of 2018.”
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Other defendants include Shari Redstone, vice chair of CBS and President of National Amusements. She’s accused of failing to “disclose that CBS was “beset by a company-wide pattern and practice of sexual harassment, creating a ‘culture of fear’ and hostile work environment that exposed the company to specific reputational risk and the potential loss of key executives.”
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