Google parent Alphabet had a banner year, surpassing $200 billion in revenue for the first time. Alphabet boasted the top-performing Big Tech stock of 2021 as its shares soared by more than 65%, nearly three times the Nasdaq’s 22% gain. It also set aside a whopping $50 billion to buy back shares and announced a 20-for-1 stock split to encourage more investment. Alphabet’s stellar performance was boosted in part by its Google Cloud services, which registered a revenue increase of almost 50%. But while financials were booming, Alphabet faced many challenges on the HR front. Hundreds of workers opted to unionize, after which the company offered enhanced employee benefits including extended parental leave and vacation time; the company’s hybrid work plans also irked employees who had grown accustomed to working remotely. On the geopolitical front, Alphabet barred Russian media outlets from receiving ad revenue via its online platforms after Russia invaded Ukraine, and it transformed its Google offices in Poland into a safe haven for Ukrainian refugees.
Lists ranking Alphabet
World’s Most Admired Companies - 2022Just as it dominates our economy, Big Tech now dom...READ MOREview in list
100 Fastest-Growing Companies - 2021Collectively, the ranked companies produced a thre...READ MOREview in list
Latest news for Alphabet
- TechRead this article before Google flags it and takes it down as clickbaitAugust 20, 2022 11:00 AM UTC
- TechGoogle isn’t going far enough in its work to protect user data on abortion, employee union saysAugust 18, 2022 5:56 PM UTC
- SuccessHow the top 10 Fortune 500 companies are bringing workers back to the officeAugust 14, 2022 1:00 PM UTC