Sundar Pichai, CEO of Alphabet Inc, Google’s parent company, received total compensation of about $226 million in 2022, more than 800 times the average salary of an employee, the company said in a securities filing on Friday.
Pichai’s compensation included equity awards of approximately $218 million, news agency news agency Reuters reported citing the company’s application.
The pay gap comes as Alphabet, Google’s parent company, is cutting jobs worldwide. The Mountain View, California-based company announced plans to cut 12,000 jobs globally in January, equivalent to 6% of the global workforce.
“We have decided to reduce our workforce by approximately 12,000 positions. We have already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices,” Pichai said in a statement.
As technology layoffs continue unabated in 2023, Google’s CEO recently hinted at more layoffs as the company continues to evaluate the company. Pichai said the company is “literally looking at every aspect of what we do” in an effort to permanently redesign its cost base.
Earlier this month, hundreds of Google employees staged a strike outside the company’s London offices following a dispute over layoffs.
In March, Google employees staged a strike at the company’s Zurich offices after more than 200 employees were laid off.
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