Tag Archives: bonuses

Google recently announced the largest-ever layoffs in the company’s 25-year history. The company is cutting 12,000 jobs, or roughly 6% of its full-time workforce. Days after the announcement, Google executives including CEO Sundar Pichai defended the job cuts during a companywide town hall. Pichai said that he consulted with the founders and controlling shareholders, Sergey Brin and Larry Page, as well as the board of directors about the layoffs. During the address Pichai indicated there… Source link

Google is planning to reduce senior executives’ pay as part of a cost-cutting drive that includes laying off 12,000 workers.  Sundar Pichai, chief executive of Google and its parent Alphabet (ticker: GOOG), said employees at the senior vice president level and above would get lower bonuses, The Wall Street Journal reported, citing people who heard the remarks at a companywide meeting on Monday.  Source link

Twitter CEO Parag Agrawal (left) is at loggerheads with Elon Musk over the Tesla CEO’s proposed $44 billion takeover.Kevin Dietsch/Getty Images, Andrew Kelly/Reuters Twitter CFO Ned Segal warned employees Friday their bonuses could be half the maximum, per The NYT. Segal said the company’s bonus pool was at 50% of where it could be if financial targets were being hit, per The NYT. Twitter employees’ bonuses are tied to the company’s financial performance, which has declined of late. Twitter told… Source link

Last week, the CEO of real estate company Redfin, Glenn Kelman, announced the company was laying off 8% of its employees in an email, saying that demand for the company’s realtor services had fallen 17% below expectations in May. “We don’t have enough work for our agents and support staff, and fewer sales leaves us with less money for headquarters projects,” Kelman wrote in the email announcing the layoffs on June 14. The layoffs at Redfin and another real estate company, Compass, on… Source link

The Google logo is seen Jan. 8, 2020, at the 2020 Consumer Electronics Show (CES) in Las Vegas, Nevada. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images) (The Hill) — Google said it will distribute one-time bonuses of $1,600 to employees this month amid the tech giant’s decision to postpone a plan to return to the office, according to Reuters.  A Google spokesperson told the newswire the bonuses will be given… Source link

The Google logo is seen Jan. 8, 2020, at the 2020 Consumer Electronics Show (CES) in Las Vegas, Nevada. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images) (The Hill) — Google said it will distribute one-time bonuses of $1,600 to employees this month amid the tech giant’s decision to postpone a plan to return to the office, according to Reuters.  A Google spokesperson told the newswire the bonuses will be given… Source link

In light of this week’s bombshell sports news that has several top European soccer clubs were choosing to form a Super League, information leaked Tuesday via Golfweek about the PGA Tour’s efforts to keep its star golfers from breaking away for larger paydays elsewhere. The PGA Tour later confirmed to ESPN that it has created a $40 million pool to reward its top stars as it continues to stamp down the long-rumored… Source link

In light of this week’s bombshell sports news that has several top European soccer clubs choosing to form a Super League, information leaked Tuesday about the PGA Tour’s efforts to keep its star golfers from breaking away for larger paydays elsewhere. The PGA Tour has created a $40 million pool to reward its top stars as it continues to stamp down the long-rumored Premier Golf League (golf’s version of the Super… Source link

(Bloomberg) — Credit Suisse Group AG raced to contain the widening fallout from the collapse of Greensill Capital as it acknowledged defaults are coming in a $10 billion group of now-frozen funds that the bank touted for their safety. Facing client furor and regulatory probes over the collapse of the short-term debt funds, the Swiss bank demoted one of its top executives, withheld bonuses for some and separated the asset management unit at the center of the scandal from the much more… Source link

Bloomberg Buffett’s Berkshire Snaps Up Record $24.7 Billion of Own Stock (Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. bought back a record $24.7 billion of its own stock last year and said there’s more to come, as the conglomerate struggled to find other ways to deploy its enormous pile of cash.The company’s purchase of $9 billion of shares in the fourth quarter matched a record set in the previous three-month period, Buffett said Saturday in his annual letter to… Source link