Google parent Alphabet took a $1.2 billion hit to exit office space — news that flew under the radar in a hectic week, says Barclays

Google parent company Alphabet this week reported a $1.2 billion charge in the fourth quarter to exit office space, a notable cost that largely flew under under the radar in a hectic week, according to a Barclays researcher.The search-engine giant GOOG, +0.58% GOOGL, +0.86% on Tuesday said the new charge stems from an effort to optimize its office space globally, which in 2023 resulted in a total of $1.8 billion in related costs as the company worked through announced staff cuts.While many corporations have ...