Alphabet cut 12,000 jobs in January and Pichai said in a memo he was taking"full responsibility for the decisions that led us here."
"Over the past two years we've seen periods of dramatic growth," he wrote."To match and fuel that growth, we hired for a different economic reality than the one we face today." Pichai said the company had undertaken a"rigorous review" and that jobs were being cut across all"product areas, functions, levels and regions."for 2023 after huge packages in previous years caused controversy among shareholders. He is set to earn $49 million, about 40% less than in 2022.
Elon Musk was arguably the best-paid boss last year after selling shares in Tesla worth almost $23 billion to help fund his takeover of Twitter. The CEO doesn't take a salary or bonus from the EV maker. Alphabet didn't immediately respond to a request for comment from Insider, made outside normal working hours.Subscribe to push notifications