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Google Chief Executive Sundar Pichai said top executives would take pay cuts following the largest round of layoffs in the company’s history. Speaking at a companywide meeting on Monday, Pichai said employees at the senior-vice president level and above would get lower bonuses as part of cost-cutting measures, according to people who heard the remarks. 

The comments came after Google’s parent company, Alphabet Inc.

 announced last week that it would eliminate about 12,000 jobs, or 6% of staff, its first major layoff since 2009. Tech employees often receive a large portion of their wages through bonuses and stock grants. Vice presidents at Google can make base salaries of more than $550,000 a year, according to a job posting from the company. An expanded version of this report appears on Also popular on When it comes to marriage and money, opposites attract. Market recovery hinges on quick inflation drop.

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