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Alphabet CEO Pichai reaps over $200 million in 2022 amid cost-cutting
© Reuters. FILE PHOTO: Sundar Pichai, chief executive officer of Alphabet, looks on during a session of the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse/File Photo
(Reuters) – Alphabet (NASDAQ:) Inc Chief Executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee’s pay, the company said in a securities filing on Friday.
Pichai’s compensation included stock awards of about $218 million, the filing showed.
The pay disparity comes at a time when Alphabet, the parent company of Google, has been cutting jobs globally, The Mountain View, California-based company announced plans to cut 12,000 jobs around the world in January, equivalent to 6% of its global workforce.
Early this month, hundreds of Google employees staged a walkout at the company’s London offices following a dispute over layoffs.
In March, Google employees staged a walkout at the company’s Zurich offices after more than 200 workers were laid off.
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