The Mountain View, California-based company announced plans in January to cut 12,000 jobs worldwide, or 6% of its workforce.
Alphabet Inc CEO sundar pichaireceived total compensation of about $226 million in 2022, more than 800 times the average salary of an employee, the company said in a securities filing Friday.
The Mountain View, California-based company announced plans in January to cut 12,000 jobs worldwide, or 6% of its workforce.
Earlier this month, hundreds of Google employees staged a walkout at the company’s London offices following a dispute over redundancies. In March, Google employees had paralyzed the company’s offices in Zurich after laying off more than 200 workers.
Pichai got most of that money in the form of shares as part of an agreement whereby every three years he receives a significant number of shares of the company, according to a document sent this Friday to the US stock market regulator.
In total, last year the executive received shares valued at 218 million dollars, two million in salary and almost six million for private security.
In 2021, Pichai had had a compensation of just over six million dollars in total, while in 2019, when he had received his last big package of shares, he had obtained titles worth 281 million.
The move by Google parent is similar to that of many other big tech companies, which have chosen to shed jobs after ramping up their workforces during the pandemic, when they reaped huge profits.
Source: Ambito
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