Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next year.
The Internet search leader also is shifting part of workers’ annual bonuses into their regular paychecks, according to an internal memo sent Tuesday by Google CEO Eric Schmidt. Those bonuses won’t count toward the 10 percent.
The planned raises were confirmed Wednesday.
Google has long been known for feeding its workers free food and pampering them with other perquisites that would be considered luxuries by most employees.
But the company began taking away some of the goodies in late 2008 and early 2009. It went so far as to lay off a few hundred people to help boost its earnings during the depth of the worst U.S recession since World War II.
Associated Press
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.
