Photo: Facebook
No Salary Hike For Microsoft Employees This Year
Weeks after Microsoft layoffs caused resentment; the Satya Nadella-led tech giant is reportedly not planning to give any salary hike(s) this year. As per a report, Microsoft Corp is reducing its budget for bonuses and stock awards this year. The announcement came as a major drawback for employees, hoping for a hike in salary. Microsoft CEO Nadella said, "This year the economic conditions are very different across many dimensions.
Tags: Microsoft, Tech giant, salary hike, Economic Conditions, Satya Nadella
Courtesy: Outlook India
Photo: Reddit
OLX To Layoff 15% Staff To Manage Economic Conditions
After Amazon, Microsoft and Google, the Dutch online market OLX also announced to laying off 15% staff. On January 31, a company spokesperson said, "OLX is reducing its global workforce by 15% which affects staff across all countries, business units and job functions. We are taking necessary measures to reduce cost structure in light of changing macroeconomic conditions." The layoff will impact approximately 15,000 staff at OLX.
Tags: OLX, Market, Economic Conditions, layoff, Workforce
Courtesy: Hindustan Times
