2023-01-31 13:58:57
After laying off 12,000 employees, Sundar Pichai will likely announce a pay cut for many of Google's senior executives. At a town hall meeting, Pichai recently announced a reduction in bonuses for all roles above the 'senior vice president' level.
Despite not mentioning who will be affected, it is likely that he will also take a pay cut. Nevertheless, Pichai did not specify what percentage of salary will be cut and how long the reduction will last.
All positions above the senior vice president level will experience a very significant reduction in their annual bonus, according to him. Compensation for senior roles depends on the company's performance, he added.
To read more, click on the link below.
https://www.businesstoday.in/latest/corporate/story/google-ceo-sundar-pichai-likely-to-take-huge-pay-cut-after-sacking-12000-employees-367971-2023-01-29
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