New York City
Sunday, May 26, 2024
“THE CEO PUBLICATION owns both and websites"


Microsoft will give employees a bonuses of $1,500 for their efforts in the pandemic

Microsoft will give employees a bonuses of $1,500

July 12, 2021-Microsoft will give out $1,500 bonuses to many of its employees after more than a year of impact from the coronavirus.

The gesture is part of an effort by technology companies to keep employees happy in the pandemic and make sure they stick around while many are still away from offices. Such care could help reduce impact from a feared trend dubbed the Great Resignation as companies reopen facilities and workers consider job changes.

On Thursday, the bonuses will cost Microsoft about $200 million and are a gesture to show appreciation for efforts that employees made with customers and partners in the past year, a spokesperson told CNBC. At the end of the first quarter, the company had over $125 billion in cash, equivalents, and short-term investments.

Kathleen Hogan, Microsoft’s chief people officer, announced bonuses in a message to employees on Thursday. The rewards will go out in July or August to employees in the U.S. and abroad. However, Microsoft’s corporate vice presidents won’t receive them, nor will employees of Microsoft’s GitHub, LinkedIn, and Zenimax subsidiaries, the spokesperson said.

Special payments are one way that technology companies have shown appreciation to their employees in the Covid age. Some companies have supplied their employees with credits for food-delivery apps such as Uber Eats to help pay for meals. Other companies have distributed care packages or offered additional time off. Microsoft also granted workers five extra paid vacation days earlier this year, the Puget Sound Business Journal reported.

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

Most Popular

Receive the latest news

Request for online magazine

Join Us

Advertise with us

meteroid vecrtor
Receive the latest news

Contact Us