Microsoft CEO Satya Nadella has announced that there will not be any raise in salaries for full-time employees this year. Further, he informed via an internal email that the company is reducing budget for bonuses and stock awards. As revenue growth slows and clients rein in spending, the move is in line with Microsoft's efforts to cut costs. In addition to his comments on pay, Nadella highlighted Microsoft’s effort to capitalize on a growing artificial intelligence market. This comes after Microsoft announced in January that it would eliminate 10,000 jobs. Microsoft Layoffs: Tech Giant Lets Go of 559 Employees in the US Bringing Job Cuts Number to 2,700.

Microsoft Salary Hike

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