In an email to staff Wednesday seen by Fortune, Microsoft CEO Satya Nadella told staff that, owing to economic conditions, the company will not provide raises for full-time salaried employees.
“We are clear that we are helping drive a major platform shift in this new era of A.l., and doing so in a dynamic, competitive environment while also facing global macroeconomic uncertainties,” Nadella wrote. “While we will have salary increases for certain hourly or equivalent roles, we will not have salary increases for full-time salaried employees this year.”
