Similar to Amazon, Microsoft is also planning to expand its headquarters. However, the software giant is not developing a new campus altogether, rather it is planning a significant modernization of its Redmond headquarters, the company told employees on Tuesday, in a post.
Microsoft Redmond campus – what are the plans?
Microsoft plans a multibillion-dollar overhaul of the Redmond campus, developing 18 new buildings by the end of 2024, its biggest physical expansion after more than a decade. As 18 new buildings would be constructed on the Microsoft Redmond Campus, 12 older buildings would be bulldozed. Microsoft’s Redmond campus, which opened in 1986, currently totals 15 million square feet in 125 buildings.
“Our goal is to build the most modern workplace, and create the best employee experience in our industry,” Microsoft President Brad Smith said in the post.
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More
Microsoft has already informed the employees about the plans, and on Wednesday, the company would discuss the plans at the shareholders meeting. The project would take about five and seven years to complete.
In its current form, the Microsoft Redmond campus already has everything that one can think of. However, with the new buildings, the company plans to take a different approach. “There’s an