Salary Update: This company got another blow to the employees after mass layoffs in January, salary will not increase, bonus will also be cut
Microsoft Salary Hike: The biggest impact of the recession has been on Tech Companies. In the last few months, many big companies like Twitter, Meta, Amazon, Google etc. have laid off employees in several phases. Microsoft’s name is also included in this list. After the retrenchment, now the company has taken another big decision to reduce its expenses.
Microsoft Corp has announced that it will not increase the salary of its full time employees this year. Along with this, the company has also decided to reduce the bonus and stock award. According to media reports, Microsoft CEO Satya Nadella has informed his employees about this by email. News agency Reuters has sought an answer from the company on this matter, but so far no comment has been made on it.
The CEO of the company said this
According to the Reuters report, Satya Nadella has said in his email that last year we gave compensation according to the performance of the company considering the market conditions, but this year the situation is very different. In such a situation, the company has taken this decision in view of the global situation. Earlier in January, Microsoft had informed about the plan to lay off 10,000 employees. With this, the company had told that it is focusing on generative AI by cutting its expenses. Billions of dollars are being invested in this sector.
LinkedIn announced the layoff of 716 employees.
Microsoft-owned company LinkedIn has also recently announced mass layoffs. LinkedIn Layoffs has decided to fire 716 employees in view of the global situation. Along with this, the company has also informed about the closure of its Chinese job application app. LinkedIn CEO Ryan Roslansky told this by sending an email to the employees. Along with this, the CEO also said that in the coming time, the company will also recruit new people for a total of 250 posts.
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