Speaking at a companywide meeting on Monday, Pichai said employees at the senior-vice president level and above would get lower bonuses as part of cost-cutting measures, according to people who heard the remarks.Speaking at a companywide meeting on Monday, Pichai said employees at the senior-vice president level and above would get lower bonuses as part of cost-cutting measures, according to people who heard the remarks.
The comments came after Google’s parent company, Alphabet Inc. GOOG GOOGL , announced last week that it would eliminate about 12,000 jobs, or 6% of staff, its first major layoff since 2009. Tech employees often receive a large portion of their wages through bonuses and stock grants. Vice presidents at Google can make base salaries of more than $550,000 a year, according to a job posting from the company.When it comes to marriage and money, opposites attract.
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Google CEO says big cut in executive bonuses coming after layoffsIn a tense townhall meeting with employees, Google CEO Sundar Pichai says executives will take a 'very significant reduction' in bonuses after pandemic hiring binge leads to 12,000 layoffs 'Have you all tried living on only.. $20M/yr? I might not be able to buy a 4th yacht!?' Sad. Typical Marxists class warfare, 12000 employees deemed non-essential while the elite just wont get as big of a bonus. I detect AI at work here offsetting real jobs... Boo hoo, sundarpichai! Did that news make anyone feel better?
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