Technology

59381 readers

3930 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

227

Google CEO tells employees to expect more job cuts this year. (www.theverge.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

34 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] ZeroCool 58 points 10 months ago* (last edited 10 months ago) (1 children)

“We have ambitious goals and will be investing in our big priorities this year,” Pichai told all Google employees on Wednesday in an internal memo that was shared with me. “The reality is that to create the capacity for this investment, we have to make tough choices.”

Surely Alphabet will make the tough choice to cut CEO pay, right? lololololol I crack myself up sometimes...

[+] realharo@lemm.ee -9 points 10 months ago* (last edited 10 months ago) (2 children)

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 33 points 10 months ago* (last edited 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@lemmy.blahaj.zone 10 points 10 months ago

I often wonder if we actually do need one of them