Google to Reduce Top Executive Bonuses, CEO Sundar Pichai Says

As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first. Illustration: Adele Morganin the company’s history.

Speaking at a companywide meeting on Monday, Mr. 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.

How about 'eliminate' if the firing is related to performance of the company as a whole or there are hidden reasons?!....

His private 'googles' very small He can see almost nothing He is about step down and fall In full of sharks Medias' basin... 😆🤣

they can send me their pay cuts

The compensation cuts will be less than the increase in stock options value...

The compensation cuts will be compensated by stock options increase in value...

When sundarpichai says he takes responsibility, i don’t think he understands what taking responsibility means. This was purely a mechanism to help the stock and every single c suite exec in the org knows it.

They shouldn’t receive ANY bonus in such a year.

Starting with that puppet clown!

More than symbolic gesture?

His private 'googles' very small He can see almost nothing He is about step down and fall Into full of sharks Medias' basin... 😆🤣

Nobody should get a bonus if they don’t have the profits for them.

From 2M to 1.9M

And no leftist news media exposes Sundar the way they did elonmusk. Where are fake interviews with laid-off employees?

Cut salaries too. Not just bonuses.

Bullish Everything’s bullish

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google execs to get lower bonuses in cost-cutting move following layoffsGoogle Chief Executive Sundar Pichai said top executives would take pay cuts following the largest round of layoffs in the company’s history.
Source: MarketWatch - 🏆 3. / 97 Read more »

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?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google parent Alphabet slashing 12,000 jobs - Dallas Business JournalAll of Alphabet's units and geographies will be impacted by the 12,000 job cuts. But CEO Sundar Pichai says some areas will be more heavily impacted, including recruiting and projects outside of the company’s core businesses.
Source: DallasBizNews - 🏆 525. / 51 Read more »

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in JanuaryThe layoffs at Google follow similarly huge cuts at Microsoft, Amazon and Salesforce. Tech companies who hired rapidly during the pandemic now face fears of recession.
Source: WBUR - 🏆 274. / 63 Read more »

Tech expert explains how Google layoffs will impact Silicon Valley and beyondTwelve thousand employees from Google's parent company Alphabet join the other tens of thousands recently cut from companies across Silicon Valley as they weigh budget decisions for 2023. Less google millionaire employees?
Source: abc7newsbayarea - 🏆 529. / 51 Read more »