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Yes the company legendarily known for providing so many amenities its staff don't really need to leave the office is doing this to save a few bucks.
by dageshi 6y ago
Yes the company legendarily known for providing so many amenities its staff don't really need to leave the office is doing this to save a few bucks.
- shadowgovt 6y agoI think you're both right. The primary motivator isn't to save a few bucks. But also, it's going to save them a lot of cash. Those amenities are incredibly expensive. So much so that the IRS has probed around as to whether they're properly taxed at a compensation level commensurate with their value.
- C1sc0cat 6y agoI think that's the point in the UK HMRC is super strict on that. I recall 20 years ago a large UK company wanted to offer free tea and coffee as a perk. And avoid also to avoid every group having its own coffee/tea club - which lead to messy looking offices and also incidents when some ones decides to take Wally" to task for not contributing. Basically HMRC said oh that's nice here's the tax bill so that was the end of that. Ironically it bit the HMRC in the ass as the CFO used the ability to distribute profit based tax free shares as a big F&% you.
- jacquesm 6y agoCompanies change over time. Google is doing fantastically well financially but they'd be remiss if they did not use this to get rid of a large chunk of opex if they could. Note that that company is happy to send customers invoices for $30 so I'd go on the assumption that if they can save many millions they'd be interested.
- xyzzyz 6y agoGoogle has been cutting down on those amenities for years now.