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‘Taking home $226 million while laying off 12,000 staff’: Employees point out irony of Sundar Pichai’s massive pay check
The huge pay disparity comes at a time when Alphabet, the parent company of Google, has been cutting a large number of jobs globally. The California-based company announced plans to cut 12,000 jobs around the world in January, equivalent to almost 6% of its global workforce
US lawmakers introduce bipartisan bill to help media negotiate with Big Tech
The bill was introduced by Democratic Senator Amy Klobuchar, chair of the Senate Judiciary Committee's antitrust subcommittee, along with Senator John Kennedy, a Republican
Bipartisan US lawmakers introduce bill aimed at Google, Facebook ad clout
The bill targets Alphabet's (GOOGL.O) Google and Meta's (META.O) Facebook, as well as Amazon.com (AMZN.O) and Apple (AAPL.O), according to Senator Mike Lee's office
Severance pay, bonus and health insurance: What Google is offering laid-off US employees
Alphabet CEO Sundar Pichai in an email said he was ‘deeply sorry’ about the job cuts and that US employees would receive 16 weeks of salary plus two weeks for every additional year at Google, their 2022 bonus, paid vacations, and six months of health insurance
Google's parent company Alphabet to lay off 12,000 globally
The job cuts mark the latest to hit the technology sector and come within days of rival Microsoft Corp announcing it would lay off 10,000 workers. Online retail giant Amazon on Wednesday began the process of laying off nearly 18,000 staff—the largest ever termination move in its history
Explained: Why New Zealand is mulling a law to make Facebook, Google pay for news
After Australia and Canada, New Zealand is planning to introduce a law that will require Google and Meta to pay media organisations for news that appears on its feeds. Do tech giants benefit unfairly from news shared on their platforms?
Google’s parent company Alphabet to layoff 6 per cent or about 10,000 “low performing” employees
Google is expected to carry out the assessment over the next month, place some employees on a performance improvement plan, and start laying off people in early 2023.
The Indian-American paradox: Indians expect them to be Indians, but they are not
There’s a lot of excitement over Parag Agarwal becoming the Twitter CEO. But it is futile to expect Indian-American CEOs to suddenly swing their companies in directions that help India, or Hindus
Facebook isn’t the first to rebrand itself to Meta: 10 other companies that underwent a name change
Facebook Inc., has decided to change its name to Meta to reflect the technology company's shifting focus on its virtual "metaverse" world
Google parent Alphabet posts profit over $18 billion in third quarter; Twitter suffers $537 million loss
From July to September, its video service sold $7.2 billion of advertising space targeted according to content and users, against $5 billion in the same period last year, according to Alphabet
Apple, Microsoft, Alphabet report combined profits of more than $50B in the third quarter
The iPhone 12 is shaping up to be Apple’s most popular model in several years, largely because it’s the first to work on the 5G networks.
Google executives see cracks in their company's success and Sundar Pichai's leadership
Pichai has also gone through with tough, unpopular decisions, like cutting down on “vanity projects” that didn’t do much for the business, says a former employee
Facebook, Twitter, Google CEOs face a grilling in Congress on speech responsibility
Lawmakers pounded the Big tech CEOs over their content policies, use of consumers’ data and children’s media use.
Google parent company Alphabet shuts down internet-beaming balloon company Loon
Loon’s balloons had been working with telecom providers to provide internet access in Kenya and will continue to do that until March.
Amazon CEO Jeff Bezos willing to testify to US Congress investigating potential violations of antitrust law by big tech firms
The big four tech platforms are under investigation by a House Judiciary Committee panel and the US Justice Department.
Stock Market Latest Updates: Sensex ends in green, Nifty holds 9,200-mark; HDFC Bank, Infosys among major gainers
Stock Market Today LIVE Updates: Sensex up, Nifty reclaims 9,300-mark; Infosys, Tata Motors among major gainers
Arvind Krishna as IBM CEO: Before we celebrate this as India's achievement, time to ask why talent leaves the country
If we aspire to build world class enterprises in India that do not thrive on cost arbitrage arising from cheap labour, we need to ask why is that we have only managed to create best in class education institutes that provide a launching pad for further education and not necessarily to global leadership?
Alphabet legal head Drummond exits, giving its new CEO chance to shake up team
Drummond, also senior vice president of corporate development, had been with Google since its start in 1998.
Alphabet grants Sundar Pichai $240 million stock awards over the next three years
Pichai would also take home $2 million in annual salary starting 2020, according to a regulatory filing.
Alphabet's Waymo app will now be available for iPhone users in Phoenix
Waymo now has over 1,500 monthly active riders - those who took at least one ride in the past 28 days.