Sundar Pichai, chief executive of Google parent Alphabet Inc.
GOOGL,
+0.57%

GOOG,
+0.46%
,
is penciling in July 6 as the date to reopen offices for employees who choose to return, according to a note he sent employees Tuesday. The initial wave would make use of roughly 10% of building capacity, with a goal of 30% capacity by September. Those who wish to remain working from home can expense up to $1,000 for equipment and furniture, Pichai told employees in a note Tuesday. “Assuming external conditions allow, we’ll start to open more buildings in more cities,” a Google spokesperson said, quoting from Pichai’s note to employees. “This will give Googlers who need to come back to the office – or, capacity permitting, who want to come back – the opportunity to return on a limited, rotating basis (think: one day every couple of weeks, so roughly 10 percent building occupancy).” Shares of the search-engine giant are up 6% this year. The broader S&P 500 index
SPX,
+1.22%

is down 7.4% in 2020.


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