Alphabet CEO Sundar Pichai

23Apr

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Technology

Alphabet CEO’s Pay Soars to $226 Million on Huge Stock Award

The pay package awarded to Alphabet Inc. Chief Executive Officer Sundar Pichai soared to $226 million in 2022, boosted by a triennial stock grant, making him one of the world's highest-paid corporate leaders.The stock award portion of his pay amounted to $218 million, according to a filing from the Google parent company Friday. He received a total of $6.3 million in compensation in 2021, when he didn't receive the grant, and his salary has remained steady at $2 million the past three years. The 50-year-old CEO has been navigating a more competitive industry, with AI products such as the chatbot ChatGPT from startup OpenAI threatening to undermine Google's dominance in search. A broader tech slowdown also has taken a toll on the company, with its shares sliding 39% in 2022. Still, they'...

Google’s Pichai Tells Staff Cuts Avoided ‘Much Worse’ Problems

Google’s chief executive officer told employees that cuts were made in a bid to act decisively as the company’s growth slowed. Google's chief executive officer told employees that cuts were made in a bid to act decisively as the company's growth slowed. In an internal meeting, Sundar Pichai, who is CEO of Google parent Alphabet Inc., said he had consulted with the company's founders and board in making the decision for 6% cuts, according to remarks reviewed by Bloomberg. “If you don't act clearly and decisively and early, we can compound the problem and make it much worse,” Pichai said. “These are decisions I needed to make.” Google said on Friday that it would cut about 12,000 jobs, becoming the latest tech giant to retrench after years of abundant growth and hiring. ...

Google cuts 12,000 jobs as tech woes bite again

The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner Meta, Amazon and Twitter as the tech sector girds for economic downturn. Google's parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner Meta, Amazon and Twitter as the tech sector girds for economic downturn. The cuts follow a major hiring spree during the height of the coronavirus pandemic when companies scrambled to meet demand as people went online for w...