In other news, Apple lost $191 billion in market capitalization over two days due to China reportedly banning government officials from using iPhones for work and the European Commission naming Apple as one of six gatekeepers to online services. Meanwhile, more companies are failing as inflation weighs on businesses, with August marking the 13th consecutive month of an increase in commercial and personal bankruptcies year-over-year.
Key takeaways:
- The article discusses the analysis of leaked Google salary data, revealing pay ranges across various factors such as gender, race, and location.
- Google has somewhat closed the gender wage gap, with the median base salary for women in some roles being higher than their male counterparts. However, the overall median base salary for women still lags behind men.
- There is still a significant racial pay gap at Google, with employees who identified as being of Black/African descent having a median base salary at least $23,000 below their Asian, White, and Middle Eastern/North African colleagues.
- Location also plays a significant role in compensation at Google, with employees on the coasts reporting the largest equity and bonuses.