Microsoft executives have informed their employees of the best way to get a raise: boosting the stock value of the company. So far this year, Microsoft’s stocks have rose by a staggering 33%, much higher than the average stock market which only grew by 10%. In light of this, Chief Marketing Officer Chris Capossela noted in an internal email to employees that a good way to increase their overall compensation is by maintaining the attractive stock value of the company.
Compensation for full-time staff, however, was not raised earlier this year and CEO Satya Nadella explained that this policy was kept in proportion with the overall market. Instead, the company announced that it would reduce its workforce to 10,000 by the end of Q3. To further expand its operations and reach, Microsoft made a multi-billion dollar global investment into AI startup OpenAI which is reportedly worth $10 billion.
The giant tech company Microsoft Corporation has been a leader in its space for many years and is constantly optimizing the products and services it provides. CEO Satya Nadella has held the position since 2014 and has been instrumental in making the company the success it is today. The company was founded in 1975 by Bill Gates and Paul Allen and its headquarters is based in Redmond Washington. Microsoft is well known for its Windows operating system, Office suite, Xbox consoles, Surface tablets, cloud computing platform Azure and more. It serves millions of customers all over the world.
