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Google layoffs: Senior executives will take pay cuts later this year, Pichai says


Google’s chief executive will be subject to pay cuts this year as part of the company’s cost-cutting measures, CEO Sundar Pichai said, his statement marking the biggest layoff round in the tech giant’s history. was held on Monday to address the

Read also | Deepest apologies: Read Google CEO Sundar Pichai’s email to laid off employees

Annual bonuses are significantly reduced for all positions above the Senior Vice President level. For senior positions, compensation is linked to company performance, Pichai told Business Insider.

But it’s not immediately clear how big the Indian-born executive’s pay cut will be. The Mountain View-based company did not respond to requests for comment by several publications.

READ ALSO | 16-Year Google Employee Fired At 3AM: 100% Disposable”

Meanwhile, Pichai’s announcement of senior executive pay cuts comes days after Apple counterpart Tim Cook announced that Cook would cut pay by 40% amid shareholder pressure. And last week, JPMorgan Chase announced it would be eliminating the special bonus portion of CEO Jamie Dimon’s salary.

Read more | ‘Why me?Why Now?: Google Fires Manager Eight Months Pregnant

Earlier this month, Google’s parent company, Alphabet Inc, announced it would lay off 6% of its workforce, or about 12,000 employees. Pichai, who explained the decision to employees at a meeting on Tuesday, said the fired employees were laid off to avoid worse problems.

Read also | We cut jobs to avoid more serious problems”: Google CEO Sundar Pichai

The 50-year-old executive said he also consulted with the company’s founder and board members when making layoff decisions.

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