Microsoft employees will get 1. 12 lakh pandemic bonus

Microsoft has 175,508 employees worldwide

Microsoft is giving all its employees a $1,500 (over Rs 1.12 lakh) pandemic bonus, in recognition of a challenging fiscal year that the tech giant just completed.

According to The Verge which has seen an internal memo, Microsoft is gifting the bonus to all staff below corporate vice president level that started on or before March 31, 2021.

However, employees of its subsidiaries LinkedIn, GitHub and ZeniMax are not eligible for the pandemic bonus, the report added.

“It’s a gift of around $200 million, or less than two days’ worth of profit for Microsoft”.

Earlier, Facebook gifted its 45,000 employees $1,000 each and Amazon gave $300 holiday bonus for frontline workers.

It follows similar employee gifts from big companies over the past year, including Facebook gifting its 45,000 employees $1,000 each, Amazon’s $300 holiday bonus for frontline workers, and BT gifting its 60,000 employees £1,500 each (approximately $2,000). Vox Media, owner of The Verge, also gifted employees a $1,000 bonus late last year.

Microsoft says it has also donated “more than $98 million of assistance to nonprofits in Washington state” since the COVID-19 pandemic began, with plans to commit an additional $60 million in support by July. Since the pandemic started, Microsoft has generated at least $160 billion in revenue, thanks to a mix of businesses flocking to cloud services, a boost in laptop sales and Windows usage, and strong Xbox growth.

Latest articles

Elon Musk responds to comments on Tesla’s new automobile from YouTuber

Tesla has begun delivering the new and improved Model S Plaid to new owners. The new Tesla automobile has received a few...

For $600 million, Byju’s acquires the education platform Great Learning

Byju's, a digital learning platform, has purchased Great Learning, a higher education platform, and Toppr, after-school learning software. According to media sources...

Oil prices are rising as a result of restricted supply and the fact that immunizations outweigh virus concerns

Oil prices remained stable on Tuesday, with investors expecting that tight supply and increased vaccination rates will help offset any demand impact...

The Joint Entrance Examination (JEE) Advanced 2021 will be held on October 3, Union Education Minister Dharmendra Pradhan announced today

New Delhi, India: Union Education Minister Dharmendra Pradhan stated today that the Joint Entrance Examination (JEE) Advanced 2021 will be held on...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here