Alphabet CEO Sundar Pichai

The pay package awarded to Alphabet Inc. Chief Executive Officer Sundar Pichai soared to $226 million in 2022, boosted by a triennial stock grant, making him one of the world's highest-paid corporate leaders.The stock award portion of his pay amounted to $218 million, according to a filing from the Google parent company Friday. He received a total of $6.3 million in compensation in 2021, when he didn't receive the grant, and his salary has remained steady at $2 million the past three years. The 50-year-old CEO has been…

Google’s chief executive officer told employees that cuts were made in a bid to act decisively as the company’s growth slowed. Google's chief executive officer told employees that cuts were made in a bid to act decisively as the company's growth slowed. In an internal meeting, Sundar Pichai, who is CEO of Google parent Alphabet Inc., said he had consulted with the company's founders and board in making the decision for 6% cuts, according to remarks reviewed by Bloomberg. “If you don't act clearly and decisively…

The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner Meta, Amazon and Twitter as the tech sector girds for economic downturn. Google's parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming…