Google is going through the most serious crisis in its history, with a significant drop in its advertising revenue, which has forced the company to lay off 12,000 employees. Despite this difficult situation, the CEO of the company received considerable remuneration.
The crisis is there, and it affects everyone, including Apple and all of the GAMAMs. At Google, 12,000 employees were laid off, or 6% of the total workforce. These are not the only savings. Google is saving everywhere, right down to employee desks where there are fewer office supplies available to them.
$226 million in 2022
Despite this, Alphabet CEO Sundar Pichai received total compensation of approximately $226 million in 2022, according to information released to the company. Securities and Exchange Commission (SEC) of the United States. This compensation included stock options worth approximately $218 million. During a time of mass layoffs and budget cuts at Google, Sundar Pichai received, by calculation, 800 times the average salary of his employees.
In March 2023, the Googlers sent an open letter to Sundar Pichai, in which they stated: “ Nowhere have the voices of workers been adequately considered, and we know that as employees we are stronger together than apart. That’s why we unite around the world to make our voices heard. “. Quite rare for a technology group, hundreds of employees went on strike in many Google offices.
Google is also facing the emergence of artificial intelligence, which is challenging its current business model and forcing it to adapt to new realities in the technology market.
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