Chronicle started as a project within X, the Alphabet-owned moonshot factory, until it became its own cybersecurity company under Google’s parent corporation. It was supposed to be an independent startup with its own contracts and policies — at least, that’s what CEO Stephen Gillett wrote when the business was launched. In June this year, though, Chronicle lost its status as an independent entity when it formally joined Google to become part of its Cloud security offerings. And according to a new report by Motherboard, that was one of the biggest reasons why Chronicle is “imploding.”
Google’s cybersecurity project ‘Chronicle’ is in trouble
Apparently, a lot of Chronicle employees only found out about becoming part of Google at a meeting the day of the announcement. Some felt that the move betrayed the startup’s original vision. Employees’ compensation also became a sore point, because the tech giant reportedly didn’t adjust Chronicle staffers’ salaries and stock packages, which were lower than those for other Google employees.