Christmas Starts Early for Google Employees

It has been leaked that Google will be giving over 23,000 employees a 10% raise next year. The employees will also be getting $1,000 cash bonuses, with Google covering the taxes.

When asked about the rumored raise, Google replied that “While we don’t typically comment on internal matters, we do believe that competitive compensation plans are important to the future company”.

Chief Executive Eric Schmidt explained that they believe they have “the best employees in the world.” It may in fact be so, and there are battles to show for it. Patrick Pechette, Google’s chief financial officer, said during a 3rd-quarter earnings call that the new talent market is incredibly competitive. Nonetheless, Google hired over 1,500 new people during that quarter.

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