Microsoft is giving staff a $1,500 pandemic bonus – New Technology, Internet News

Microsoft is giving staff a $1,500 pandemic bonus

Microsoft is gifting its staff a $1,500 pandemic bonus. In an inner memo seen by The Verge, the software program big says this one-time bonus “is in recognition of the distinctive and difficult fiscal 12 months that Microsoft simply accomplished.”

Microsoft’s chief folks officer, Kathleen Hogan, introduced the reward to staff at present, and it’ll apply to all eligible staff in each the US and internationally. Microsoft is gifting this bonus to all employees under company vp degree that began on or earlier than March thirty first, 2021, together with part-time employees and people on hourly charges.

Microsoft has 175,508 staff worldwide, however LinkedIn, GitHub, and ZeniMax staff usually are not eligible for the bonus, regardless of Microsoft proudly owning these three separate corporations. Because of this, we perceive it’s a present of round $200 million, or lower than two days’ price of revenue for Microsoft.

It follows comparable worker items from massive corporations over the previous 12 months, together with Fb gifting its 45,000 staff $1,000 every, Amazon’s $300 vacation bonus for frontline employees, and BT gifting its 60,000 staff £1,500 every (roughly $2,000). Vox Media, proprietor of The Verge, additionally gifted staff a $1,000 bonus late final 12 months.

Microsoft says it has additionally donated “greater than $98 million of help to nonprofits in Washington state” because the COVID-19 pandemic started, with plans to commit a further $60 million in help by July. Because the pandemic began, Microsoft has generated a minimum of $160 billion in income, because of a mixture of companies flocking to cloud providers, a lift in laptop computer gross sales and Home windows utilization, and robust Xbox development.

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