“We don’t take this decision lightly,” Satya Nadella says.
Nadella said, “We don’t take this decision lightly, having considered it over several months.”
Microsoft had$26.5 billion in cash and equivalents as of March 31.
Despite the rosy results, Microsoft employees are not getting pay increases.
Nadella’s own pay increased 10% from 2021 to 2022,rising to $55 million.
But in 2023, Nadella said the “economic conditions” of the world are “very different.”
“Given this, we will fund our compensation commensurate with the overall market.
Some hourly roles will get pay bumps, but full-time salaried employees at Microsoft will not see increases.
Microsoft’s promotion budget is unchanged, Nadella added, so workers who move up will see pay bumps.
GameSpot also received this statement.
The deal is getting held up in court, andMicrosoft is fighting it.
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