It turned out that Microsoft, which fired more than 10 thousand employees a few months ago, will make another cost-cutting move. Its CEO, Satya Nadella, announced that salaried employees, including senior executives, will not be given a raise this year.
Continuing economic uncertainties around the world have deeply affected the technology sector recently, causing many companies to make moves to reduce costs. Microsoft was one of them. The company, which spends billions on artificial intelligence, laid off more than 10,000 people three months ago.
Today, another step has been taken due to economic uncertainties. The US technology giant offers its employees no raise this year took the decision.
Only hourly wage workers will receive a raise
A memo to employees from CEO Satya Nadella, obtained by The Verge, revealed this decision. According to the memo, the company this year not give a raise to their salaried employees, only those who work with hourly wages will receive.
Nadella blamed this move for the uncertain state of the economy. While the CEO said that they are going through a big change in the age of artificial intelligence and they are doing it in a competitive environment. faced with macroeconomic uncertainties. added. The 55-year-old businessman also stated that the company wants to maintain its leadership by staying at the forefront of performance and efficiency.
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No raises will be made for senior executives.
On the other hand, Microsoft offers its salaried employees will continue to provide bonuses and stock options. Also Nadella, including herself the salaries of top executives will not increase he also adds. Let’s add that the performance bonuses of the managers will also be reduced.
Source :
https://www.theverge.com/2023/5/11/23719578/microsoft-raises-salaried-employees-memo-ceo