Google's Sundar Pichai tells underlings that exec bonuses will be clipped
Google's top brass told employees at a town hall meeting that executive bonuses will be cut this year as upper management addressed wide-ranging questions from staff following confirmation of extensive job cuts., having recruited rapidly during the pandemic to grow headcount from 120,000 in early 2020 to almost 187,000 by the end of September.
Alphabet – Google's parent – grew revenue by 41 percent year-on-year in 2021 to $257.63 billion and recorded net profit of $76 billion, up from $40.26 billion in the prior year. In the nine calendar months ended September, turnover growth slowed to around 13 percent to $206.78 billion and net profit shrunk 16 percent to $46.34 billion.
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