- Tram Ho
Microsoft is giving every employee $1,500 for the impact of the pandemic. In a new internal note obtained by The Verge, the software giant said the one-time bonus is “a recognition for an odd and challenging financial year that Microsoft has just completed. ”
Microsoft’s chief human resources officer, Kathleen Hogan, said the bonus will apply to all of the company’s employees both in the US and internationally. The company’s bonus will be open to all employees at the level below the Group Vice President, commencing March 31, 2021 or earlier, including part-time employees as well as those work by the hour.
Currently, Microsoft has a total of 175,508 employees globally, but employees of LinkedIn, GitHub and ZeniMax are not eligible for this bonus, even though these are all Microsoft-owned companies. Thus, the total company will have to spend about 200 million USD for this bonus – less than 2 days’ profit of Microsoft.
Currently, along with Apple, Microsoft is the only two companies with a market capitalization of over $2 trillion on the US stock market.
This bonus is similar to that of many other large companies in the past year. Before that, Facebook gave its 45,000 employees $1,000 each, Amazon added $300 in holiday pay for each front-line employee and BT also gave a £1,000 bonus to 60,000 of its employees. Media company Vox also gave each employee an additional $1,000 at the end of last year.
Microsoft said it has also donated “more than $98 million to help nonprofits in Washington state” since the start of the Covid-19 pandemic, adding that the company has pledged to donate an additional $60 million next month. Seven come here. Since the pandemic began, Microsoft has generated about $160 billion in revenue, combining enterprise products with cloud services, plus laptop and Windows usage and gaming demand. Xbox surged.
Check out The Verge
Source : Genk