The move will mainly affect “early to mid-career employees,” the software giant said in a statement Monday.
“As we approach our annual total rewards process, we are making a significant additional investment this year to compensate our employees globally,” the Redmond, Washington-based company said. “While we have factored in the impact of inflation and rising cost of living, these changes also recognize our appreciation to our world-class talent who support our mission, culture and customers, and partners.
In addition to contending with cost-of-living increases and a tight Seattle housing market, Microsoft is locked in a fierce battle for talent with companies like Amazon.com Inc., Google and Facebook owner Meta Platforms Inc., as well as startups. Fields like cybersecurity, artificial intelligence, the metaverse and cloud computing have been especially competitive. Moreover, the pandemic has led many workers to relocate and reconsider employment options.
Thank you for information. I call for Israel to end its occupation of Palestine. An occupying country cannot be democratic.