Tag: Pichai

  • Sundar Pichai took home $226 mn in 2022 amid layoffs at Google

    Sundar Pichai took home $226 mn in 2022 amid layoffs at Google

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    San Francisco: Amid job cuts at Google’s parent company Alphabet, its CEO Sundar Pichai took home a whopping compensation of nearly $226 million in 2022.

    According to the tech giant’s filing with the US Securities and Exchange Commission (SEC), Pichaia’s compensation included stock awards of about $218 million.

    Pichai’s salary, however, has remained steady at $2 million for the past three years, according to reports.

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    On January 20, Google CEO confirmed in a letter to employees that about 12,000 people will be laid off globally, accounting for more than 6 per cent of the total workforce.

    Amid layoffs, tech giant Google is also creating several cost-cutting measures such as cutting down on free snacks and workout classes for its existing employees, the media reported.

    The company’s micro kitchen that provides free snacks like cereal, espresso, and seltzer water have been closed on days that typically have a significantly lower volume.

    The company also discontinued spending on personal equipment like laptops, according to an internal memo.

    Tech giant Google also informed its employees via an email that fewer of them will be promoted to more senior levels this year as compared to the past.

    Google India terminated more than 400 employees and some of the impacted workers took to LinkedIn to share their plight.

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    ( With inputs from www.siasat.com )

  • YouTube Shorts now averaging over 50 bn daily views: Sundar Pichai

    YouTube Shorts now averaging over 50 bn daily views: Sundar Pichai

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    New Delhi: YouTube Shorts, Google’s answer to TikTok, is now averaging over 50 billion daily views, up from 30 billion that was last reported, Alphabet and Google CEO Sundar Pichai has announced.

    Pichai said that this performance will reward creators and help improve the Shorts experience for everyone.

    “Our subscription business continues to grow, with YouTube Music and Premium surpassing 80 million subscribers, including trials. Together with our YouTube Primetime channel subscriptions and YouTube TV, we have good momentum here,” Pichai said during the analysts’ call late on Thursday.

    In December, the National Football League announced YouTube will pay around $2 billion a year for rights to the “Sunday Ticket”.

    According to Pichai, YouTube’s NFL Sunday Ticket will help acedrive subscriptions, bring new viewers to YouTube’s paid and ad-supported experiences, and create new opportunities for creators”.

    YouTube advertising revenue was $7.96 billion — down 8 per cent from $8.63 billion the year prior — in the December quarter.

    “Beyond our advertising business, we have strong momentum in Cloud, YouTube subscriptions, and hardware. However, our revenues this quarter were impacted by pullbacks in advertiser spend and the impact of foreign exchange,” said Pichai.

    He said there are many opportunities to build on the progress at YouTube over the years, starting with Shorts monetisation.

    “Overall, I see this as an important journey to re-engineer the company’s cost base in a durable way,” said Pichai.

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    ( With inputs from www.siasat.com )