REDMOND – Microsoft will not raise salaries for full-time employees this year and is reducing budgets for bonuses and stock awards, online media company Insider reported on Wednesday (May 10), citing an internal e-mail by chief executive Satya Nadella. The technology giant did not immediately respond to a Reuters request for comment. 'Last year, we made a significant investment in...
Smartphone is seen in front of Microsoft logo displayed in this illustration taken, July 26, 2021.REDMOND – Microsoft will not raise salaries for full-time employees this year and is reducing budgets for bonuses and stock awards, online media company Insider reported on Wednesday , citing an internal e-mail by chief executive Satya Nadella.
In January, Microsoft said it will let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the tech sector as it deals with slowing growth in a turbulent economy. Microsoft has now squarely placed its focus on generative artificial intelligence , an area the industry sees as a bright spot.
In collaboration with ChatGPT maker OpenAI, which has also received billions of dollars in funding from Microsoft, it has been infusing the AI tech into its Office products as well as search engine Bing.
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