(Reuters) – Alphabet Inc’s Google is deferring a portion of its employees’ year-end bonuses as part of a transition to a new performance management system, the search engine giant said on Thursday.
The company will pay 80% advance bonus to eligible employees initially and the remainder in later months, a spokesperson told Reuters, adding that the move was communicated to staff last year.
The development comes amid tech companies’ attempts to limit spending amid a broader slowdown in demand and…
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