Google employees complain about CEO Sundar Pichai’s pay increase as cost-cutting hits the rest of the company

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Google CEO Sundar Pichai speaks at a panel at the Americas CEO Summit hosted by the US Chamber of Commerce on June 09, 2022 in Los Angeles, California. The CEO summit entered its second day of events with a formal signing of the “International Coalition to Connect Marine Protected Areas” and a speech by US President Joe Biden. (Photo by Anna Moneymaker / Getty Images)

Anna Moneymaker | Getty Images News | Getty Images

google ceo sundar pichai Received huge pay raise Last year, making him one of the highest paid CEOs in America. Last week, his company announced the authorization of $70 billion of stock. buy back,

Meanwhile, in response to slowing revenue growth, Google parent Alphabet is aggressively cutting costs, including the elimination of 12,000 jobs.

That confluence of events has raised the ire of Google’s workforce. In the weeks since Pichai’s annual compensation was made public, internal Google platforms have been filled with chatter and condemnation of the CEO for taking a pay bump while slashing costs elsewhere. Some employees also criticized the share buyback, which equated the 2022 buyback.

SEC filing Pichai was shown to have been 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 this award was in 2019 for $276.6 million and the total compensation was $280.6 million.

His 2022 package included approximately $6 million in personal protection and $2 million in base salary. In 2021, Pichai received a total of $6.3 million, including $2 million in salary and $4.3 million in other compensation.

Memes comparing Pichai started circulating Apple CEO Tim Cookwho received more than one in January 40% cut from his 2022 total compensation target. around the same time, zoom CEO Eric Yuan said he would Reduce His salary was cut by 98% and his bonus dropped after the company cut 1,300 jobs. twilio CEO Jeff Lawson said he would also take a pay cut amid the 17% staff cut.

More than a dozen memes from employees have filled Google’s internal discussion forums, with several hundred likes, according to posts seen by CNBC. One meme with more than 1,200 likes referenced comments from finance chief Ruth Porat, who wrote in a rare companywide email last month that the company was making “multi-year” cuts to employee services. got cnbc deducted From employee laptops and expenses to fitness classes and cafe items.

“Ruth’s cost savings apply to everyone except our hardworking VPS and CEO,” Meem said.

Google did not provide on-the-record comment for this story.

This is not the first time that Pichai has come under criticism for his decision-making in the recent past. In January, Pichai said he took “full responsibility” for the conditions that led to the company’s layoffs.

a brown all hands In the meeting, the employees asked Pichai that if the officers were taking responsibility then why their salaries were being cut. Pichai responded by saying that the senior vice president was “taking a significant cut in his bonus” and that he was giving up his bonus.

Another popular meme featured a picture of the character Lord Farquaad from Shrek, with the caption “Beautiful accepting $226 million while laying off 12,000 Googlers, cutting perks, and destroying morale and culture.” A quote from the character read, “Some of you may die, but it is a sacrifice I am willing to make.”

In the computer-animated fantasy from 2001, Lord Farquaad is the ruler of Duloc, a swamp inhabited by many fairy-tale creatures.

The topic of Pichai and money has been a contentious topic since late last year, when CEO said at a meeting of the company That “we shouldn’t always equate fun with money.” At the time, he was responding to some perks the company was eliminating, but he deflected questions from employees about cuts to executive compensation.

Some of the frustration is being directed at Google’s plan to repurchase $70 billion of stock, a sign that the company has more than enough cash to cover its operations and investments. A recent meme that was liked over 700 times read, “$70 billion buyback shows we respect outside shareholders more than Googlers.”

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