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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

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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.

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[–] ZeroCool@slrpnk.net 58 points 10 months ago* (last edited 10 months ago) (3 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@slrpnk.net 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