Google’s Pichai Tells Staff Cuts Avoided ‘Much Worse’ Issues
- Senior executive bonuses will see “significant” reduction
- Severance packages rewarded workers with long tenures
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Google’s chief executive officer told employees on Monday that job 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.