Insta
Microsoft Will Not Raise Salaries For Employees This Year
Building 92 at Microsoft Corporation headquarters in Redmond, Washington. (Photo: Coolcaesar/Wikimedia Commons)
Microsoft Corporation is decreasing the budget for bonuses and stock awards and won't increase salaries for full-time employees this year, according to an internal email by chief executive Satya Nadella, as reported by Insider.
Amid a turbulent economy and slowing growth, Microsoft announced layoffs of 10,000 workers in January, adding to the tens of thousands of job cuts across the technology sector.
Microsoft is now focused on generative AI, viewed as a promising sector by the industry.
The company is incorporating OpenAI's AI technology into its Office products and search engine Bing. The ChatGPT maker has received substantial funding from Microsoft.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
