Microsoft skips salary increases for full-time employees this year

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Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Microsoft will hold off on offering salary increases to full-time employees, CEO Satya Nadella told staffers by email on Wednesday. Last year, as inflation rippled through the economy, Microsoft nearly doubled the budget for merit increases and boosted stock allocations for certain employees. In April, Microsoft finance chief Amy Hood said year-over-year revenue growth in the current quarter would slow to 6.7% from 7.1% in the first three months of the year. "We are clear that we are helping drive a major platform shift in this new era of Al, and doing so in a dynamic, competitive environment while also facing global macroeconomic uncertainties," Nadella wrote.

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