336
CEOs' pay climbed before layoffs at tech giants like Alphabet and Microsoft, data shows (abcnews.go.com)
submitted 3 years ago by to c/worldnews@lemmy.ml
16 comments fedilink hide all child comments
 

cross-posted from: https://lemmy.zip/post/1125959

Archived version: https://archive.ph/iXnTL
Archived version: https://web.archive.org/web/20230806123650/https://abcnews.go.com/Business/ceos-pay-climbed-layoffs-tech-giants-alphabet-microsoft/story?id=101665156

you are viewing a single comment's thread
view the rest of the comments
[–] 42 points 3 years ago (2 children)

What's extra insane about the google one, Pichai's salary of 225m divided over the 10k workers fired is a staggering 22.5k/yr. If you assume the average tech salary of a remote google employee is somewhere in the 50k-100k range, that's 2.5k-5k / 10k workers that could have been saved by cutting Pichai instead.

Forget societal ethics, how do you justify to shareholders cutting ten thousand salaries worth of jobs and giving half the money to the CEO?

  • permalink
  • fedilink
  • source
  • hideshow 4 child comments
    •
  • [–] 34 points 3 years ago (2 children)

    Because the shareholders get the other half

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] -2 points 3 years ago* (1 child)

    Isn't Pichai's compensation mostly tied to stock?

    It's... Not really the same thing, because being the CEO of the company ties the hands behind his back if he wants to actually use his stock compensation.

    Edit: for any Google SWE making <100k, just move to the US, man. The pay is so much higher it's not even funny.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •