Microsoft will not raise the salary of its staff this year, as revealed in a leaked mail from the CEO of the Company. The reason written in the mail is the investment made by the company in compensation driven by market conditions and market performance and more.

Highlights

• Microsoft would let go a further 10,000 workers in January
• GitHub removed about 142 people in a march in India
• Microsoft gives the public access to its generative AI programs

Tech giant company Microsoft confirmed to its staff members that no raise in staff salary this year and also the company is reducing the budget for bonuses and stock awards, revealed in an insider source on Wednesday, found in an internal email by CEO Satya Nadella.

About the leaked email, the company didn’t speak truth to the comment of a news agency but the truth is truth which is shown in the mail of CEO Satya Nadella.

“Last year, we made a significant investment in compensation driven by market conditions and company performance, nearly doubling our global merit budget… this year economic conditions are very different across many dimensions,” written by Nadella in an email.

In addition to tens of thousands of layoffs, in the tech sector in the past months, Microsoft told it would let go a further 10,000 workers and the reason behind this is the slowing growth in a turbulent economy.

Microsoft recently turned its focus on generative AI, an area which sees as the bright spot of the tech industry and innovations.

Microsoft collaborated with OpenAI and ChatGPT in which it had given bulky funding to the OpenAI which has been infusing the AI tech into its office products as well as search engine Bing.

The previous week, Microsoft let the expansion of its generative artificial intelligence programs by giving access to use such programs to the Public, in the other hand we can say that the company is too much excited to open the door of the unknown tech world without weighing the risk of AI.

Recently in March, this year company reported that Microsoft-Owned GitHub laid off 142 people in India, which include the entire staff members in its engineering division. The most affected person sifted to the other branches of a company like Bengaluru, Hyderabad, and Delhi. This decision was termed as the initiation of the company’s reorganization.