- As companies pull back on cloud projects and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s deal growth slows, senior Google Cloud sales leaders have told managers to expect changes in how the staff gets paid next year.
- Executives at Google Cloud explored basing sales commissions on how much customers spend rather than the total contract value, the Information reports.
- Also Read: Intel, Google Cloud Introduce Co-Developed Chip
- Google, in recent years, signed billion-dollar, long-term deals with multinationals like Deutsche Bank AG (NYSE:DB) and Sabre Corp (NASDAQ:SABR), intensifying competition with Amazon.com Inc (NASDAQ:AMZN) Amazon Web Services.
- So far, Google has incentivized sales teams to nail those deals by basing a portion of their commissions on the value of the contracts, even if those customers did not spend the total amount on Google Cloud services.
- Amazon dominated the cloud-infrastructure industry with a 39% share of the 2021 global market, ahead of Microsoft Corp (NASDAQ:MSFT) in the second position with a 21% share.
- Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has ordered Twitter Inc’s teams to find up to $1 billion in annual infrastructure cost savings. Cost cuts could also come from reduced spending on Google Cloud services.
- Price Action: GOOG shares traded lower by 1.35% at $96.48 on the last check Monday.
- Photo Via Company
Barings Corporate Investors Reports Preliminary Q4 2022 Results; Net Asset Value Per Share As Of December 31, 2022, Was $16.37, As Compared To $16.59 As Of September 30, 2022
The Board of Trustees of Barings Corporate Investors (NYSE:MCI) (the "Trust") met on February 27, 2023 and would like to report its preliminary financial results for the fourth quarter of
