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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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