AURA NEWS

Google CEO Sundar Pichai received massive pay hike, Weeks before firing 12,000 employees.

Google announcing layoffs and deciding to slash as many as 12,000 Jobs globally., February8, 2023

A couple of days back, the news of Google announcing layoffs and deciding to slash as many as 12,000 roles globally had come as a surprise to all. The news was shared by CEO Sundar Pichai and he had taken 'full responsibility' of the same. Announcing the layoffs, Sundai Pichai, in a letter to all employees, said that the impacted people will receive full support from the company during this hard time. In December 2022, Google announced that it recognised Sundar Pichai's excellent performance and that they will be giving an equity reward to the CEO. Alphabet Inc, Google's parent company, had said at the time that the award had been modified to increase the performance stock units (PSUs) to 60 per cent from the previous 43 per cent in 2019, while increasing the performance requirement for the payout. Thus, more of Pichai's pay will be tied to the performance of the company.