Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million in 2022, which marked a staggering 3,474% increase from the previous year, making him the nation’s highest-paid CEO, according to Equilar data.
Near the outset of 2023, Alphabet announced plans to lay off 10,000 workers.
At Microsoft, which initiated plans to lay off 10,000 workers in January, CEO Satya Nadella received compensation worth nearly $55 million in 2022 — a 10% jump from the prior year, the data showed.
Meta, Uber and Salesforce are also among more than a dozen tech companies that gave their CEOs a compensation increase last year, despite announcing layoffs at some point since the start of 2022, according to the ABC News analysis of the Equilar data.
Roughly 389,000 tech workers have been laid off since the beginning of 2022, according to Layoffs.fyi, a site that tracks layoffs. The job cuts have befallen some of the nation’s most well-known and large companies.