Google CEO Sundar Pichai Got Paid A Staggering $225 Million In 2022 Despite Layoffs

Alphabet CEO Sundar Pichai’s total compensation of $226 million in 2022 has drawn criticism as Google parent, Alphabet, initiated sweeping layoffs and cut employee perks. The earnings were revealed through a company securities filing, with more than $218 million coming in stock awards, $2 million in base salary, and nearly $6 million in other compensation.

This staggering sum, over 800 times the median employee’s pay, has sparked outrage among employees who have protested against cost-cutting measures.

Mountain View, CA/USA – May 21, 2018: Exterior view of a Googleplex building, the corporate headquarters complex of Google and its parent company Alphabet Inc.

Alphabet’s latest filings revealed that Pichai’s pay plan awards him with major stock awards every three years, and this is the third time he has received a $200 million-plus payout since becoming the top executive. Alphabet has noted that the stock bonus caused the pay disparity between Pichai and the company’s median employees, which stood at a ratio of 27-to-1 in 2020.

The massive payday for Pichai and other top executives, who received large sums, came as Alphabet underwent a companywide belt-tightening effort to refocus its business on advanced artificial intelligence technology. The company’s shares have dropped 14% over the past year during an ongoing downturn in the tech sector.

While Pichai’s earnings may seem staggering, it is essential to note that it is part of a pay plan that has been in place for several years.

Nevertheless, the massive payout during a belt-tightening effort has sparked outrage among Google employees who feel that upper management has mishandled the situation. The company needs to find a balance between compensating executives and keeping employees satisfied.

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