Google defers part of employee bonus amid cost cutting effort, CNBC reports

Google management is "deferring" part of its employees’ year-end bonus checks this year, as it looks to a permanent deferral for back payouts, wrote Jennifer Elias for CNBC. In a shift, from historical precedent at the company, Google will now pay employees 80% of their bonus checks in January and the remaining 20% later in the year, added the CNBC story. "The delayed payment comes as Google CEO Sundar Pichai seeks to reel in costs while still avoiding mass layoffs," noted CNBC. Reference Link