Pichai announced at a company-wide meeting that lesser bonuses would be given to senior vice presidents and above as part of cost-saving efforts.In general, bonuses and stock awards make up a sizable amount of the salary for tech workers.Recently, numerous tech firms worldwide have resorted to a range of cost-cutting measures as executives grapple with a worsening economic environment.The job cuts will be the largest round of layoffs ever at Google during a recession. However, according to an earlier report by news agency Bloomberg, the corporation stated it would offer severance packages that included vacation, incentive pay, and healthcare.
Sundar Pichai, CEO of the firm, informed staff via email on Friday that the layoffs at Alphabet will affect workers everywhere and across the whole organization.Pichai asserted that he bears all responsibility for the decisions that brought us here, nonetheless.
Video Courtesy: ETV Andhra PradeshGooglers, I have some upsetting news to impart. We’ve made the decision to cut 12,000 roles from our staff. To those affected employees in the US, we have already sent a separate email. This will require bidding farewell to some extraordinarily excellent individuals we worked arduously to hire and have enjoyed working with. I apologise profusely for that. I accept full responsibility for the choices that brought us to this point. Periods of tremendous growth have been observed over the past two years. We hired workers for a different economic reality than the one we currently confront in order to match and fuel that growth, Pichai stated as much in a letter to his staff.As a result of the most recent layoffs, Google has joined the ranks of other Internet giants including Meta, Amazon, Microsoft, Twitter, and even Spotify that have drastically slashed jobs across departments.
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After a Significant Layoff, Google Will Reduce Senior Executive Bonuses. View Sundar Pichai’s Comments
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