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Why is Google Subleasing Over a Million Square Feet of its Prime Office Space?

Allwork

What’s going on: Google has spent over half a billion dollars to reduce its traditional office space footprint. In the first six months of 2023, the company spent $633 million to cut back on its physical office spaces and put more than 1.4 Hybrid work environments are increasing in popularity.

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Australia’s Office Market Thrives Post-Pandemic, Outshining U.S. Stagnation

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According to a report published by The Property Tribune , many employers are not only improving physical office environments but are also linking opportunities for career advancements and pay raises to office attendance. This strategy is revealing of the value placed on face-to-face interactions by corporates across Australia.

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How Company Passion Projects Can Add to the Bottom Line

Success

In the early 2000s, Google encouraged an 80/20 policy, which gave employees the bandwidth to ideate, develop and innovate projects during 20% of their work schedule. It ultimately led to huge wins like Gmail AdSense and Google Maps—technology that has become mainstream all over the world and huge revenue drivers for the tech giant.

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SUCCESS’ 2024 Women of Influence

Success

She is a 2023 CNN Hero, a 2022 Soros Justice Fellow and a 2019 JustLeadershipUSA Leading with Conviction Fellow Alumna. She recently won the 2023 Waterfront Award for Science and Technology and was recognized as one of White Page International’s Top 100 Asian Women Power Leaders. She’s successfully fundraised upward of $3.5

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The Magic of Intrapreneurship Within Organizations

Success

Years ago, Google implemented the 20% rule for its employees, an idea that workers should spend at least 20% of their time exploring new ideas and projects that could potentially reap massive benefits. Those advances include AdSense, Google News and Gmail. The Benefits. Photos by Shutterstock.

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Tim Rowe – Founder and CEO of CIC | Flexible Workspaces: Competing Globally

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With a background that includes serving as the inaugural chair of Labcentral, a lecturer at MIT, and various roles in fostering entrepreneurial communities, Rowe’s expertise is deeply rooted in the dynamics of coworking environments. So when we started in 1999, if you look at Google, the word coworking didn’t exist.

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