Google Chief Executive Sundar Pichai said top executives would take pay cuts following the largest round of layoffs in the company’s history.
Speaking at a companywide meeting on Monday, Pichai said employees at the senior-vice president level and above would get lower bonuses as part of cost-cutting measures, according to people who heard the remarks.
The comments came after Google’s parent company, Alphabet Inc. GOOG,
Tech employees often receive a large portion of their wages through bonuses and stock grants. Vice presidents at Google can make base salaries of more than $550,000 a year, according to a job posting from the company.
An expanded version of this report appears on WSJ.com.
Also popular on WSJ.com:
When it comes to marriage and money, opposites attract.