Google’s leadership has double standards. However, due to economic uncertainty, the company laid off and also cut the benefits of the employees but when it comes to the salary of the top executive they are paid very high.
Harpreet Singh Saluja, President – Nascent Information Technology Employees Senate, shared a tweet and said, “The double standards of @Google‘s leadership are a prime example of corporate greed at its worst.”
“It’s time for corporates to recognize that their employees are the backbone of their success and treat them accordingly”, he added.
The double standards of @Google's leadership are a prime example of corporate greed at its worst. It's time for corporates to recognize that their employees are the backbone of their success and treat them accordingly.#google @LabourMinistry #ITEmployees #layoffs pic.twitter.com/G6fc11tvEK
— Harpreet Singh Saluja (@_harpreetsaluja) May 7, 2023
The CEO of Google Sundar Pichai received a very high pay last year making him one of the highest-paid CEOs in America. On the other end, the company laid off employees and cut their benefits.
According to reports, he was paid a total of $226 million last year, mostly through a $218 million stock award, which he receives every three years. The last time he received the award, in 2019, was for $276.6 million and total compensation was $280.6 million.
His 2022 package included nearly $6 million for personal security and a $2 million base salary. In 2021, Pichai received a total of $6.3 million, consisting of a $2 million salary and $4.3 million in other compensation.
Google’s Layoffs and Benefits Cuts for Employees
In January, Google parent Alphabet announced the sack of 12,000 employees. The company CEO took responsibility for the layoffs.
The development of either layoff or hiring slowdown comes after IT companies, crypto exchanges, and financial firms cut out jobs and slow down the hiring process due to slow global economic growth caused by higher interest rates, and rising inflation.
Apart from this, the company had announced to elimination or reduction of several perks, including some of the company’s micro kitchens.
This provided employees with free snacks like cereal, espresso, and seltzer water. The company was making changes in its companywide benefits as it seeks to reallocate funds and create cost-cutting measures.
Google also suspended the provision of snacks and staplers to employees and has also asked employees to share desks.
The company has also withdrawn the “mandatory COVID-19 vaccine policy” for employees worldwide. The policy was implemented in December 2021.
