Google employees criticize CEO Pichai’s $226 mn pay amid layoffs, share memes

Amid layoffs at Google, employees have taken to sharing memes on internal platforms criticizing CEO Sundar Pichai over his massive compensation package. Pichai received a total pay of $226 million last year, which has drawn criticism from some Google employees. According to reports, one meme compares Pichai to Apple CEO Tim Cook, who took a 40% pay cut last year due to the pandemic. Another meme features the Shrek character Lord Farquaad with the caption, "Sundar accepting $226 million while laying off 12,000 Googlers." The memes come as Google recently announced plans to lay off over 12,000 contractors and temporary workers. The layoffs reportedly affected people working in areas like staffing, recruiting, and marketing, among others. It's worth noting that Pichai's pay package is largely made up of stock awards that will only be paid out if the company hits certain performance targets. However, the large compensation package has still drawn criticism from some employees, especially in light of the recent layoffs. In response to the criticism, Google spokesperson José Castañeda told Business Insider, "Compensation decisions are made through rigorous processes and reflect the responsibilities of the work." Despite the criticism, Pichai remains one of the highest-paid CEOs in the world, with a net worth estimated at around $1.2 billion.

Amid layoffs at Google, employees have taken to sharing memes on internal platforms criticizing CEO Sundar Pichai over his massive compensation package. Pichai received a total pay of $226 million last year, which has drawn criticism from some Google employees. According to reports, one meme compares Pichai to Apple CEO Tim Cook, who took a …

Who are the 2 IIT engineers Google and Apple CEOs competed to hire?

Antitrust Trial DOJ Wraps Up its Case Against Google, Sundar Pichai Expected as a Witness

Two Indian Institute of Technology (IIT) engineers, Srinivasan Venkata chary and Anand Shukla. According to reports, the two tech giants were competing to hire and retain the engineers, who co-founded the machine learning startup Laser like with another Google engineer, Steven Baker. The startup was later acquired by Apple. Venkatachary holds a BTech degree from …

Swiggy disburses ₹31 cr in claims to delivery partners in FY22-23

Swiggy Launches Learning Station Empowering Restaurant Partners with Advanced Digital Education

Swiggy, the Indian food delivery giant, has disbursed Rs. 31 crore in claim amounts to its delivery partners in the fiscal year 2022-23, according to a company statement. The figure represents a 10% increase compared to the previous fiscal year. The food delivery company, which has approximately 3 lakh delivery partners across India, began offering …

LinkedIn Co-founder Reid Hoffman’s startup launches ‘Pi’ chatbot

LinkedIn Co founder Reid Hoffmans startup launches Pi chatbot

Inflection AI, a startup co-founded by Reid Hoffman, LinkedIn’s Co-founder, and Mustafa Suleyman, DeepMind’s Co-founder, has launched its first AI chatbot product. The chatbot, called Pi, is powered by generative AI technology that can converse with users across platforms like Instagram and the startup’s website. Pi’s interactions are intended to be more conversational than transactional, …

World’s largest NFT marketplace OpenSea ex-exec convicted of fraud

Worlds largest NFT marketplace OpenSea ex exec convicted of fraud

Nathaniel Chastain, a former manager at OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), has been convicted of fraud and money laundering. Chastain used his insider knowledge of which NFTs would be featured on OpenSea’s home page to make personal trades and profit over $50,000. According to reports, Chastain’s actions violated the company’s policies …