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Google Fires Worker Who Disclosed Raises: Report

Posted Nov 11, 2010 06:20pm EST by Chris Nichols in Internet, Newsmakers

Related: GOOG

•  Google has fired the employee who leaked to the press the company's plans to raise worker wages by 10%, according to a published report.

CNNMoney, citing several sources, said the person who revealed the plans outside the company has had their employment terminated. The news of the pay hike first appeared on Business Insider. Hours later, the CNNMoney report said, the employee who disclosed the news was identified and fired.

"While we don't typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company," Google said in a prepared statement, according to the report.

Fortune also received a copy of the memo discussing the raises, which indicates that the pay increases will be effective Jan. 1 and that "everyone gets a raise, no matter their level." Reports have also indicated that employees will receive additional $1,000 bonuses.

Shares of Google closed Thursday at $617.19, down 0.9%. The stock remains near its 52-week high of $630.85.