Microsoft forgoes full-time employee salary raises this year

Microsoft CEO Satya Nadella has informed employees via email that the company will not be giving salary increases to full-time staff this year. The decision is in line with Microsoft’s cost-cutting efforts as revenue growth slows and customers reduce spending. Last year, the company nearly doubled its budget for merit increases and stock allocations. However, this year, compensation will be more in line with historical averages. Microsoft will maintain its bonus and stock award budget, but will not overfund to the extent it did last year.

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