Skip to main content

Google and Amazon could turn their backs on Britain if it leaves the EU

Amazon is due to move to a new office on Bishopsgate in the City of London.
Silicon Valley giants Google and Amazon could significantly pull back on their UK operations if the country leaves the European Union this week.
Both companies have pledged to build new UK headquarters in the near future that would house thousands of "Googlers" and "Amazonians" but the expensive projects could be abandoned in favour of offices in cities like Paris and Berlin if there's a Brexit. Needless to say, such a decision would likely have a significant impact on the UK economy.
Last month, Eileen Burbidge, partner at Passion Capital and chair of Tech City UK, said in a statement: "London is the biggest tech centre in Europe and attracts the brightest and best talent. Founders and investors fear that advantage would be lost if the UK leaves the EU. We don't really know what would happen and that uncertainty is dangerous. Would companies move their headquarters?"
Silicon Valley currently sees the UK, and London in particular, as a gateway to policymakers in Brussels and the wider European economic market. But the UK's influence on European politics, along with its access to the 500 million people within Europe's so-called Digital Single Market, could decline if its citizens choose to leave the EU on Thursday.
Unlike several other large tech companies, neither Google nor Amazon has publicly stated how a Brexit would impact their UK operations but it's likely that executives at these multinationals (and many others) are plotting what to do in the case of a Brexit.
matt brittin google
Companies in other industries have already said they'll relocate jobs if there's a Brexit. In the financial services sector, for example, HSBC, has said it could move 1,000 jobs to France if the UK leaves the EU.
Google has been stalling on a huge mega-office in King's Cross for some time now, possibly because it's waiting to see which way the referendum goes.
In 2013, Google said it would build a new UK HQ that would open in 2016, with capacity for around 5,000 Googlers. However, the initial plans were scrapped for being "too boring" and the company is yet to start building. In order to bridge the gap, it's taken a lease out on another large office over the road.
Amazon, on the other hand, is on schedule to open a new office in Shoreditch with enough room for 5,000 staff by the end of next year, according to a spokesman from the company. Whether all 5,000 staff will move in the case of a Brexit remains to be seen.
The outcome of the EU referendum, taking place on Thursday 23 June, should be known by 04:00AM (GMT) on Friday 24 June.

Comments

Readers Choice

Lead Your Team Into a Post-Pandemic World

During the Covid-19 crisis, I’ve spoken with many CEOs who have shared that a key priority for them, naturally, has been the safety and well-being of their employees. And there are many examples of inspiring actions taken by CEOs and companies in support of their employees. But as we’ve come to recognize that this crisis will last more than a few short weeks, companies are now defining their approach for the long haul. I’ve seen two crucial ideas take hold with corporate leaders. One: Given the magnitude of the shock and the challenges that this crisis represents, companies must consider the full breadth of their employees’ needs as people. Safety is essential, of course, but it’s also important to address higher-level needs such as the want for truth, stability, authentic connections, self-esteem, growth, and meaning in the context of the crisis. Two: Many CEOs have begun thinking about this crisis in three phases. They may assign different names or specific lengths to t

4 Ways Google Search Can Help You Achieve Your Marketing Goals

Google Ads Google Ad extensions are a great way to add key descriptive text without taking up space in your actual ad and improve your quality score for even better results. It’s a win-win right? Google Maps Is your business discoverable on Google Maps? For small businesses, adding detailed information and the use of strategic keywords can be helpful for a better location optimization. Google Ranks SEO is vital for moving up in Google rankings. To climb up the ladder, incorporate top keywords in page titles, meta tags and focus on consistently delivering relevant content. Backlinking If SEO is the the only strategy you have, it is the right time to change that. Start adding backlinks to your content. Quality backlinks can further increase your brand authority. 

Twenty Smart Business Buzzwords

Some words may grate on your nerves, but business leaders are still using "disrupt," "synergy" and "ideate." You should too. Spend any amount of time in a corporate environment and you'll likely notice there are some words that seem to come up on a daily basis. Certain verbiage becomes part of the  corporate culture  and soon, you may feel as if you need to use it to fit in. While they can change from one day to the next, most corporate buzzwords have a positive meaning. They're used to boost morale and motivate everyone involved in the conversation. Here are 20 of the top business buzzwords that you should make an effort to work into your vocabulary. 1. Impact Impact is a powerful word that has become a favorite of business professionals.  Grammarians argue  that the word is being used improperly, urging you to use "affect" instead, but businesses love it. 2. Corporate Synergy Half of the people who use this term likely