Google CEO tells employees to expect more job cuts this year.::In an internal memo, Google CEO Sundar Pichai said recent layoffs are about “removing layers to simplify execution and drive velocity in some areas.” He warned that more are coming.

  • realharo@lemm.ee
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    10 months ago

    They could, but even if they cut it to 0, assuming going from $226 million compensation (number I found for 2022, most of which by far is stock), and median employee costing $300k (I found a number around $270k median total comp, but the total cost is higher), that makes room for about 750 additional employees. Google has about 150k employees, so I think they’re laying off more than that. Of course there are other highly paid people in other top positions there too, but the thing about a CEO is, you only need one of them. If we would only consider cash, the number of employees would be much smaller.

    • ZeroCool@slrpnk.net
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      10 months ago

      Yes, cutting the CEO’s pay won’t prevent layoffs. Excellent work, detective. That was definitely the aim of my comment and not a simple matter of principle.

    • laurelraven
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      10 months ago

      I often wonder if we actually do need one of them