- 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
S&P 500 Edges Lower; PacBio Shares Plunge
U.S. stocks traded mixed toward the end of trading, with the S&P 500 falling around 0.3% on Tuesday.
The Dow traded up 0.02% to 37,741.96 while the NASDAQ fell 0.20% to 15,853.39. The S&P 500 also fell, dropping, 0.28% to 5,047.76.
