CURRENT AFFAIRS

Detailed explanation-1: -Sundar Pichai, the CEO of Google, assumed the CEO role at Alphabet while retaining the same at Google. The firm completed a stock split in mid-2022. On January 20, 2023, Pichai wrote a letter to all employees announcing that the company would be laying off about 12,000 jobs, or 6% of its global workforce.

Detailed explanation-2: -Therefore, when Google cofounders Larry Page and Sergey Brin announced the creation of Alphabet Inc., in August 2015, it came as no surprise to industry insiders that Pichai was named CEO of Google, which was reorganized as a subsidiary.

Detailed explanation-3: -"Google CEO Sundar Pichai.” Google. “Sustainability 2021."

Detailed explanation-4: -In addition to this, Pichai makes US $280,622,016 (Rs 2, 323 crores approx) as Chief Executive Officer and Director at Alphabet Inc. His personal investment is estimated to be around US $572.5 million (Rs 4, 740 crores approx).