Google CEO Pichai announced a reduction in executive bonuses after massive layoffs

January 24 news, according to foreign media quoted people familiar with the matter, Google CEO Sander Pichai (Sundar Pichai) said on Monday local time, will reduce the bonus to the company's executives. The move comes after the company announced the largest round of layoffs in history, all of which are part of Google's efforts to cut operating costs.

Mr. Pichai said at a company-wide staff meeting on Monday that bonuses to Google's senior vice president and above will be reduced as part of cost-cutting measures.

Google's parent company, Alphabet, announced last week that it would cut about 12000 jobs, or 6% of its workforce, for the first time since 2009.

Bonuses and stock awards usually account for a large part of the salary of employees in technology companies. According to Google's personnel recruitment information, the company's senior vice president earns a base salary of more than $550000 a year (currently about 3.729 million yuan).

In response to the deteriorating economic environment, coupled with the negative impact on the online advertising and e-commerce industries, US technology companies have taken measures to cut costs.

More than 170tech companies laid off 56570 workers in January, the worst month since the layoffs began last year, according to data.

According to reports, Google layoffs involve all departments and regions of the company, including the vice president level of the company.

In recent days, Google employees have put pressure on Pichai and other executives to explain the reasons behind the layoffs and other potential implications for senior leadership. Pichai said on Friday that he was responsible for the decision that led to layoffs.

"We have experienced several significant growth in the past two years," Pichai wrote in a letter to all employees. "in order to match and continue to drive this growth, we recruit based on a completely different economic environment."