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Benzinga
Benzinga
Technology
Anusuya Lahiri

Google Fielded Pay-Related Questions At Recent Meet

Google Nasdaq AAPL Alphabet Inc Apple CNBC Silicon Valley
  • Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google leaders faced a storm of criticism from employees on issues related to compensation, CNBC reports.
  • Google defended the company's competitiveness at a recent all-hands meeting while conceding that the performance review process could change.
  • Recently, Google's internal survey had reflected growing dissatisfaction with pay packages.
  • Its peer Amazon.com Inc (NASDAQ:AMZN), looked to double its maximum base salary for corporate workers, citing competition. Apple Inc (NASDAQ:AAPL) paid more in restricted stock units. Therefore, the employees questioned Google's move.
  • Engineers have long viewed Google as the place to go in Silicon Valley for top pay and benefits. However, Google faced a clear challenge thanks to the surging inflation rates and a four-month slide in tech stocks.
  • Price Action: GOOG shares are up by 1.28% at $2,805 on the last check Thursday.
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