Microsoft will not give employees a raise this year after announcing 10,000 layoffs

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, May 11 / PRNewswire-FirstCall-Asianet /-- Insider quoted an internal email from Microsoft CEO Satya Nadella (Satya Nadella) on Wednesday as saying that Microsoft will not raise salaries for full-time employees this year and is reducing its budget for bonuses and stock awards.

"Last year, we invested heavily in compensation driven by market conditions and corporate performance, nearly doubling our global performance budget," the report quoted Nadella as saying.... the economic situation this year is very different in many ways. "

In January, Microsoft said it would cut 10000 employees after tens of thousands of layoffs across the technology industry in response to a slowdown in a volatile economy, according to CTOnews.com.

Microsoft is now focusing on generative AI, and through a partnership with ChatGPT developer OpenAI, Microsoft has been injecting AI technology into its Office product and search engine Bing.