The report cited an inside electronic mail by CEO Satya Nadella. (File)
Microsoft Corp won’t elevate salaries for full-time staff this yr and is decreasing price range for bonuses and inventory awards, Insider reported on Wednesday, citing an inside electronic mail by CEO Satya Nadella.
The tech big didn’t instantly reply to a Reuters request for remark.
“Last yr, we made a major funding in compensation pushed by market situations and firm efficiency, practically doubling our international benefit price range…this yr the financial situations are very totally different throughout many dimensions” the report quoted Nadella saying.
In January, Microsoft stated it will let go of 10,000 employees, including to the tens of hundreds layoffs introduced earlier than that throughout the know-how sector because it offers with slowing development in a turbulent economic system.
Microsoft has now squarely positioned its concentrate on generative AI, an space the business sees as a vibrant spot.
In collaboration with ChatGPT maker OpenAI, which additionally has obtained billions of {dollars} in funding from Microsoft, the tech big has been infusing the AI tech into its Office merchandise in addition to search engine Bing.
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