Sundar Pichai’s compensation included stock awards of approximately $218 million. (Image: Instagram/Sundarpichai)
Earlier this month, hundreds of Google employees walked out of the company’s London offices following a dispute over layoffs.
Sundar Pichai, chief executive of Google parent Alphabet Inc, will receive total compensation of about $226 million in 2022, more than 800 times the average employee’s pay, the company said in a securities filing on Friday.
news agency, Pichai’s compensation includes stock awards of approximately $218 million reuters reported citing the company filing.
The pay disparity comes at a time when Google’s parent company Alphabet is cutting jobs globally. The Mountain View, California-based company announced plans in January to cut 12,000 jobs worldwide, equivalent to 6% of its global workforce.
“We have taken the decision to reduce our workforce by approximately 12,000 roles. We have already sent a separate email to affected employees in the US. In other countries, the process will take longer due to local laws and practices,” Pichai said in a statement.
As tech layoffs continue unabated in 2023, Google’s CEO reportedly recently hinted at more layoffs as the company continues to evaluate the business. Pichai said the company is “really looking at every aspect of what we do” in an effort to permanently re-engineer its cost base.
Earlier this month, hundreds of Google employees walked out of the company’s London offices following a dispute over layoffs.
In March, Google workers staged a walkout from the company’s Zurich offices after the company laid off more than 200 employees.
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