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10 November 2010 09:15

Google Gives All Employees Surprise $1,000 Cash Bonus And 10% Raise

(You can sniff that $1,000 isn't much, but it's a lot more than nothing, and spread across 20,000 employees, it's costing the company $20 million. A 10+% raise on a total cost base of $20 billion, meanwhile, will probably cost the company $1 billion a year, assuming a third of those costs are compensation. Judging from an internal memo, the new salary costs will be somewhat offset by reduced bonuses and stock option grants.)

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