Google laid off 12,000 employees in 2022 due to the global economic situation. However, its CEO Sundar Pichai’s compensation amounts to $226 million in 2022. He therefore received around 800 times the average salary of Google employees.
GAFAs are impacted by the global economic slowdown. The tech giants have had to lay off with a vengeance in recent months. Meta laid off 11,000 employees at the end of 2022, Amazon planned to lay off 18,000 people in 2023, and Google also took drastic measures. The Mountain View firm announced 12,000 job cuts at the start of the year. This did not prevent CEO Sundar Pichai to receive a considerable sum.
In 2022, Sundar Pichai won 226 million dollars. He is thus one of the highest paid company executives in the world. These figures were released by the United States Securities and Exchange Commission (SEC). Of these 226 million, Sundar Pichai received shares worth a total of $218 million.
Google limits office supplies for employees, but Sundar Pichai is one of the highest paid CEOs in the world
Following 12,000 layoffsSundar Pichai had declared that he assumed ” full responsibility for the decisions that brought us here. Over the past two years, we have experienced periods of spectacular growth. To match and fuel that growth, we hired for a different economic reality than we face today ».
The CEO of Google nevertheless touched the equivalent of 800 times the average salary of an employee of his firm. Yet Google is cutting corners across all departments of the company. So much so that the remaining employees no longer have access to as many office supplies as before. Also remember that Google has fired the robots that cleaned its cafeteria.
Finally, the SEC publication also reveals that Alphabet, the parent company of Google, has spent $6 million in 2022 to ensure the safety of Sundar Pichai. The latter has also recently affirmed that artificial intelligence requires the same regulations as nuclear weapons. Indeed, he believes that society is not yet ready to adapt to the rapid advances in AI. We obviously think of ChatGPT, but also of Bard, the Google chatbot which has several new features.
Source : Business Insider
