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After Layoffs, Google CEO Sundar Pichai Broadcasts Pay Cuts For Senior Executives

Edited By: Namit Singh Sengar

Final Up to date: January 25, 2023, 18:03 IST

Google CEO Sundar Pichai (File photo)

Google CEO Sundar Pichai (File photograph)

Sundar Pichai stated that as a part of firm’s cost-cutting measures, prime executives shall be subjected to pay cuts.

Senior executives at Google will  face pay cuts this 12 months as a part of the corporate’s price reducing measures. Earlier, the corporate had introduced reducing roughly 12,000 jobs or 6 per cent workforce worldwide.

In a gathering on Monday to deal with the ‘largest’ spherical of layoffs in tech big’s historical past, CEO Sundar Pichai stated that prime executives shall be subjected to pay cuts as a part of the corporate’s cost-cutting measures, CNBC TV18 reported.

“All roles above the senior vp stage will witness ‘very important’ discount of their annual bonus. For senior roles, the compensation is linked to firm efficiency,” Pichai was quoted as saying by Enterprise Insider.

In the meantime, the layoffs are international and throughout all the firm, Pichai had instructed staff in an e mail on Friday, writing that he takes “full accountability for the selections that led us right here”, as per the report.

He stated that call of layoffs was taken after session with the founders and controlling shareholders, Sergey Brin and Larry Web page, in addition to the board of administrators.

Pichai, who’s going through a backlash for mass layoffs, spoke to staff in an inside assembly on January 23.

Pichai and different senior executives of the corporate stated 750 senior leaders have been concerned within the course of to find out who could be laid off.

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