Google Gives All Employees 10% Raise

businessinsider.com

23 pointswheaties3 comments

Wait... it's actually not a raise! They are raising the base salary of everyone by 10%, but offsetting it by reducing the equity compensation. I guess the net result depends on where the stock is going, but it's not as "cool" as it sounds.

From the alleged e-mail:

we’re moving a portion of your bonus into your base salary. That’s also effective January 1st.

You sure? I interpret the "there’s more" at the beginning of the paragraph and the "also" in the part you quoted as meaning they're replacing the equity with a base salary raise in addition to the 10% raise.

But we should probably wait for a confirmation from someone who actually works at Google. :)

I think the real lesson is that in a company of 20,000 employees, nothing stays confidential for long...

Very irresponsible behavior from whoever leaked this. Here's hoping no Googlers get mugged for their bonus today

Reply on news.ycombinator.com