India, Jan. 30 -- Sundar Pichai, CEO of Google, announced a significant decrease in corporate performance-based compensation for staff above the SVP level. The decision comes in the aftermath of the layoff of 12,000 Google employees, which has created a rising sense of uncertainty among staff. Pichai has stated that the layoffs were based on performance and were not arbitrary.

Does this mean a low salary for the employees?

In a recent town hall meeting, CEO Sundar Pichai revealed a significant decrease in yearly bonuses for all employees beyond the senior vice president level. Pichai's remuneration is expected to be reduced, given his pay is tightly connected to the company's success. While Pichai did not precisely specify a salary decr...