Ongoing economic uncertainties around the world have hit the technology sector deeply in recent times, leading many companies to take steps to reduce costs. Microsoft was one of them. The company, which spends billions on artificial intelligence, laid off more than 10,000 people three months ago.

Today another step has been taken due to economic uncertainties. The American technology giant offers its employees no increase this year made the decision.

Only employees with an hourly wage receive a pay rise

A memo to employees of CEO Satya Nadella, obtained by The Verge, revealed this decision. According to the memo, the company has this year do not give a raise to their salaried employees, only those who work hourly wages will receive.

Nadella blamed this move on the uncertain state of the economy. While the CEO said they are going through a big change in the age of artificial intelligence and they are doing it in a competitive environment. facing macroeconomic uncertainties. added. The 55-year-old businessman also stated that the company wants to maintain its leadership by staying at the forefront of performance and efficiency.

No raises are made for senior executives.

On the other hand, Microsoft offers its salaried employees will continue to offer bonuses and stock options. So does Nadella, including herself the salaries of top executives will not increase he also adds. Let’s add that managers’ performance bonuses are also being cut.