CEO Sundar Pichai told employees Jan. 23 that senior-vice president level and above executives would have lower bonuses this year. The company is exercising multiple cost-cutting measures, including mass layoffs.
“Over the past two years we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today,” said Mr. Pichai in a message to employees sent Jan. 20.
Vice president level employees could make $550,000 at Google plus bonuses, equity and benefits, according to the report.
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