Google instructed staff at a digital all-hands assembly Tuesday that it’ll not be adjusting staff’ pay to match inflation. In different phrases, Google’s rank and file shall be successfully incomes much less, even whereas the corporate has thrived, attaining document income for 5 consecutive quarters.

According to audio shared with , CEO Sundar Pichai learn a query from his employees in regards to the rising value of nearly all the things, and the choice by some corporations to offset these hardships with commensurate pay raises. The firm’s vp of compensation, Frank Wagner, reportedly responded that: “As I mentioned previously in other meetings, when we see price inflation increasing, we also see increases in the cost of labor or market pay rate,” and that “those have been higher than in recent past and our compensation budgets have reflected that.”

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Raises of this sort are pretty commonplace for a lot of companies, and are sometimes known as “cost of living adjustments.” Wagner, nonetheless, claimed any potential pay raises must mirror “performance” as an alternative of a smaller however extra broadly carried out improve.

Google has proven a willingness to regulate compensation associated to the realities of the pandemic: by chopping pay for staff who selected to stay distant in areas with decrease prices of residing. In some circumstances these wage reductions had been estimated to be as a lot as 25%, based on .