Connect with us

Tech

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.

About the author

Follow the latest breaking news and developments in India and around the world on Hindustan Times news desk.From politics and policy to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered. …show more

Subscribe to the best newsletters

subscribed to the newsletter

Thank you for subscribing to the Daily News Capsule newsletter.

Sources

1/ https://Google.com/

2/ https://www.hindustantimes.com/business/google-layoffs-senior-executives-to-take-pay-cuts-this-year-announces-sundar-pichai-101674619054602.html

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]