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.
Courtesy: Outlook India
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.
Courtesy: Hindustan Times