Microsoft CEO Announces Salary Freeze for Full-Time Workers
In an email sent to Microsoft employees, CEO Satya Nadella announced that the company will not be offering salary increases for full-time workers this year. Despite last year’s wage increases based on market conditions and company performance, Nadella noted the vastly different economic conditions this year due to global macroeconomic uncertainties and changes in customer demand.
However, Nadella did state that hourly workers will still receive a salary increase this year. He also emphasized that bonuses will continue to be given, adding that the decision to freeze full-time workers’ salaries was necessary for the company’s long-term success.
Nadella also mentioned that Microsoft is currently leading the charge in a major platform change in the age of artificial intelligence, indicating that they are doing so in a dynamic and competitive environment.
The decision to freeze full-time workers’ salaries may come as a disappointment to some, but Microsoft is taking steps to ensure that they remain innovative and successful in the years to come.