Microsoft not giving raises to employees this year: report

Photo caption: “This year the economic conditions are very different across many dimensions,” CEO Satya Nadella said in an internal email. Photo credit: AP. Article by Reuters Staff. New York Post – May 10, 2023. Source: Reuters.

Microsoft said Wednesday it will not raise salaries for full-time employees this year, citing tough economic conditions, but will continue with its bonuses, stock awards and promotions. The company, which is now squarely focused on the lucrative generative AI, had in January decided to let go 10,000 employees, […]

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