Microsoft Workers Won't Receive Annual Pay Increase Despite $18 Billion Profits

thegamer.com:

Despite all of the negative news surrounding the disastrous launch of Redfall, and the increasing amount of complexities regarding the company's attempted acquisition of Activision Blizzard, Microsoft is doing quite well at the moment. The company recently posted it quarterly earnings for the period that ended on March 31st, revealing a revenue of $52.9 billion and $18.3 billion in profits. It also announced that full-time employees won't be getting their annual pay bumps this year.

According to a memo to staff obtained by Insider (thanks GameSpot), Microsoft CEO Satya Nadella has told employees that the reason for the lack of a pay increases this year is down to the current economic challenges the company is facing at the moment. He also ensures them that the senior leadership team at Microsoft don't "take this decision lightly, and considered it over several months", explaining that he believe it's "necessary to prepare the company for long term success". On a completely unrelated note, Nadella's annual salary currently sits at $55 million after receiving a ten percent increase between 2021 and 2022.

Related: We Shouldn't Be Cheering On The Microsoft Acquisition Of Activision

Nadella goes on to clarify that some hourly roles within Microsoft will get pay increases, but all full-time employees will miss out, while this lack of salary increases will also apparently apply to the senior leadership team and Nadella himself. A later statement provided to both Insider and Gamespot by a Microsoft spokesperson also explained that the company will "continue to invest in our employees through promotions, bonus and stock".

On another completely unrelated note, after Microsoft's $68.7 billion acquisition of Activision Blizzard