Business

Google gives employees 10 percent raise, cash

Pat McMahon Contributor
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In an apparent move to stave off defections to competitors, Google announced it is giving all its employees a $1,000 cash bonus and a raise of 10 percent, according to a source familiar with the matter.

The raises, which take affect January 1, 2011, apply to all 25,000 employees at the Internet giant, according to an e-mail to employees penned by Google CEO Eric Schmidt and first revealed by Business Insider.

Full story: Google gives employees 10 percent raise, cash – CNET News

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