Microsoft Cuts Full-Time Salary Raises and Reduces Bonuses Amid Economic Uncertainty, CEO Announces

Microsoft CEO Satya Nadella announced in internal emails that the company will not provide raises to full-time salaried employees this year due to macroeconomic conditions.
The company is reducing its budgets for bonuses and stock awards for salaried staff.
Microsoft promised widespread raises last year but economic uncertainties have led the company to cut costs.
Hourly employees will still receive compensation increases, but high-performing employees will receive fewer bonuses.
Nadella cited the major shift in Microsoft's business model to focus on artificial intelligence as a reason for cost-cutting measures.