BusinessInsider heard Google has awarded all of its employees with a $1,000 holiday cash bonus and a 2011 salary increase of at least 10 percent:
The 10% company-wide raise will take effect on January 1, 2011.
In addition, Google will also give each employee an additional raise equivalent to 1X the employee's target bonus for the year. And employees will be eligible for additional "merit increases" based on their individual performance.
In another nice gesture, Google will pay the taxes on the $1,000 holiday cash bonuses, thus allowing employees to keep the whole thing.