Google CEO Sundar Pichai likely to take huge pay cut after laying off 12,000 employees

In a recent town hall meeting with Google employees, CEO Sundar Pichai announced that all roles above the senior vice president level will see a significant reduction in their annual bonus. Pichai did not mention the percentage of salary that will be cut or for how long. However, it is likely that he will also take a pay cut, as his compensation is linked to the company's performance.

This announcement comes just a few weeks after Google announced layoffs of 12,000 employees across different verticals. Many impacted employees have reported that they were not ready for the layoffs and that their access to internal office groups was abruptly removed. Some employees also complained that they found out about their layoffs when their ID access turned from green to red.

Pichai's salary has recently seen a significant increase, with Google's parent company Alphabet recognizing his "strong performance" as CEO. In 2020, Google disclosed Pichai's annual salary to be $2 million. However, his net worth has fallen 20% to Rs 5,300 crore, according to the IIFL Hurun India Rich List 2022.




The layoffs at Google have started in the United States and will be followed by other markets, possibly including India, in the coming weeks. This is a difficult time for the company, as the layoffs come amid tough macro-economic conditions. Pichai has clarified that the layoffs were not "random" and were based on specific performance ratings.

FAQs:

1. What is Sundar Pichai’s age?
   Sundar Pichai is 50 years old.
2. When did Sundar Pichai become the CEO of Google?
   In 2015, he became the CEO of Google.