Google to delay portion of employees' bonus
Technology
Company will first pay qualified employees 80% bonus, remaining will be paid later, spokeswoman
(Reuters) - Google, owned by Alphabet Inc., announced on Thursday that it will postpone a portion of its employees year-end bonus while it switches to a new performance management system.
Corporate spokeswoman speaking to Reuters said that the company will first pay qualified employees an advance bonus of 80 percent and the remaining amount will follow in later months. The decision was announced to the personnel last year.
In its health sciences section, Alphabet has so far disclosed layoffs affecting roughly 200 people despite the fact that its megacap competitors Amazon.com, Meta Platforms and Microsoft Corp have all announced the termination of thousands of employees.
Google usually pays out the entirety of the bonus in the first month of the year.
