Google is delaying a portion of employee bonus checks

TL;DR

Google executives are deferring a portion of employees' year-end bonus checks, according to documents viewed by CNBC, as the company moves toward permanently pushing back payouts.Following publication of this story, a Google spokesperson told CNBC in an email, "This one-time 80% bonus advance was extensively communicated to employees in May 2022 and in subsequent communications since, as part of the transition to our new performance management timeline."Last week, Alphabet's Verily health sciences unit said it will cut headcount by 15%, accounting for about 240 lost jobs, and the company also reduced staff in its robotics unit Intrinsic.In the latter part of 2022, Alphabet canceled the next generation of its Google Pixelbook laptop, slashed funding to its Area 120 in-house incubator and said it would be shuttering its digital gaming service Stadia.One graphic on Memegen, an employee meme generator, showed a split screen of Prince Harry and Meghan Markle, with a quote from Markle that's edited to say, “Harry is adjusting great to Google” next to an image of a disturbed-looking Prince Harry with the text “Where the hell did 20% of my bonus go?”Sources also described a meme with the text reading "Got my BONU," referring to the realization that they didn't receive their whole bonus as expected."

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