After laying off 12,000 employees, Google CEO Sundar Pichai may announce a significant pay cut for senior executives. In a town hall meeting with employees, Pichai recently said that all roles above the ‘Senior Vice President’ level will witness a reduction in their annual bonuses.
He reportedly said that all roles above the senior vice president level would see a “very significant” reduction in their annual bonuses. For senior roles, he said, compensation is tied to company performance.