Stalled Downtown West project appears to be the latest victim of the economic downturn
Google has put its Downtown West megacomplex on hold as it cuts staff and downsizes its office space.
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Google has halted construction of a proposed 80-acre megacomplex in San Jose, Calif., with no plans to revive the project anytime soon.
The stalled project — which won approval nearly two years ago and would have had an estimated economic impact of $19 billion in the region — is the latest apparent victim of an economic downturn that has prompted at least 12,000 layoffs at the Alphabet-owned GOOGL GOOG company, amounting to 6% of its workforce. CNBC first reported on the pause in construction late Friday.
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