Alphabet CEO Sundar Pichai earned a whopping $226 million in total compensation in 2022 – a windfall that got here at the same time as the Google parent prepped sweeping layoffs and slashed lavish perks once enjoyed by employees.
Pichai, 50, raked in greater than $218 million in the shape of stock awards, in keeping with recent company securities filing. The Google boss also earned $2 million in base salary and nearly $6 million in other compensation.
The filing said “other compensation” typically stems from the corporate’s retirement plans and “personal use of company aircraft. Overall, Pichai earned greater than 800 times the median worker’s pay.
The huge payday for Pichai and other told Alphabet executives stood in stark contrast to a companywide belt-tightening effort as Google refocuses its business on the race for advanced artificial intelligence technology.
The Post has reached out to Google for comment.
Under his pay plan, Pichai receives major stock awards every three years. The most recent payout marked the third time that Pichai has received a $200 million-plus award since he took over as Google’s top executive.
Alphabet noted that the stock bonus was liable for the pay disparity between Pichai and its median employees. The corporate said the ratio was 21-to-1 in 2021 and 27-to-1 in 2020.
Sundar Pichai is CEO of Google.Getty Images for Vox Media
In January, Google laid off roughly 12,000 employees, or about 6% of its workforce, in the biggest round of pink slips within the tech giant’s history. Alphabet’s shares are down 14% over the past 12 months during an ongoing downturn within the tech sector.
As a part of the layoffs, Google eliminated positions for at the very least 31 company-employed massage therapists that worked in its California-based offices. The corporate can also be said to be requiring employees in its unprofitable Cloud division to share desks and alternate which days they arrive into the office.
The layoffs have sparked outrage amongst Google employees – with one ousted engineering manager grumbling earlier this 12 months that he learned he lost his job through an “automated account deactivation at 3am” and that the corporate had treated him as “100% disposable.”
Google employees have slammed management for his or her handling of cost-cutting measures.REUTERS
Google employees in Recent York, California, London and other locales have staged protests over upper management’s handling of the layoffs.
As The Post reported in March, executives also informed Google employees of plans to shut a number of the company’s vaunted “micro-kitchens,” that are stocked with free drinks and snacks, and to shut down on-campus cafeterias with lower foot traffic.
Google brass also said they might dial back spending on company-provided equipment comparable to personal laptops as a part of “changes to what’s available and the way often it’s replaced.”
Google “micro-kitchens.”AP
Google layoffs sparked multiple protests this 12 months.AP
“We wish to be upfront that there are also areas where we’ll realize savings that may impact some services Googlers use at work and beyond,” the Google executives said in a March 31 memo.
“We set a high bar for industry-leading perks, advantages and office amenities, and can proceed that into the longer term. Nonetheless, some programs have to evolve for a way Google works today,” the memo added.
