On Thursday, computer giant Microsoft announced plans to sink $1 billion into renovations of its Redmond, Wash. headquarters over the next three years, Reuters reports via eWeek.
The renovations will make room for an additional 12,000 workers, multiplying the campus’ size by roughly thirty percent, Reuters reports.
In May, the city of Redmond approved Microsoft’s 20-year expansion plan, but the company said it will move faster than was originally expected so that it can have more people developing the array of products it intends to release in the coming years, Reuters said.
“This reflects our confidence in the future,” Brad Smith, Microsoft’s senior vice president and chief counsel, said following the news conference announcing the renovations. “The software industry is a very fast-paced industry and if anything, we have seen the pace of change accelerate.”
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