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CEOs' pay climbed before layoffs at tech giants like Alphabet and Microsoft, data shows (abcnews.go.com)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

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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

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[-] Dran_Arcana@lemmy.world 42 points 1 year ago

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?

[-] zephyreks@lemmy.ca -2 points 1 year ago* (last edited 1 year ago)

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.

[-] pedro@lemm.ee 6 points 1 year ago

Comparing pay from one country to another is a lot harder than just looking at the numbers. Earning 100k$ in the US is not the same as earning 100k$ in Poland for example