HomeNewsTechnologyMicrosoft Is Giving All Its Employees $1,500 One-Time Bonus For Working Through...

Microsoft Is Giving All Its Employees $1,500 One-Time Bonus For Working Through Challenging Fiscal Year

According to a report from The Verge, Microsoft is giving a bonus to all its employees for surviving a difficult pandemic year. According to an internal memo, Microsoft will give a one-time bonus worth $1,500 (roughly Rs 12,000) to all its employees in recognition of the challenging and unique fiscal year that Microsoft just finished. Kathleen Hogan, Microsoft’s chief people officer announced the gift to employees Thursday, July 8. This bonus will be given to all employees below the corporate vice president rank who started before 31 March 2021. Part-time workers are also eligible.

This bonus does not apply to employees of LinkedIn or Github. Despite Microsoft owning these companies. Microsoft currently has 1,755,508 employees. The company could be spending more than $200 million on the bonus (roughly Rs 1,490 crores) for the one-time. According to The Verge, this is less than two days worth of profit for Microsoft. Similar gestures have been made by tech giants in the past year. Facebook gave each of its 45,000 employees $1,000 (roughly Rs 75,000), while Amazon provided a $300 holiday bonus (roughly Rs 22,400) for frontline workers. Microsoft claims that it has contributed more than $98M to Washington state nonprofits since the COVID-19 pandemic started, and plans to contribute an additional $60 million by July.

Microsoft has made at least $160billion in revenue since the pandemic. This is due to businesses flocking towards cloud services, an increase in laptop sales due to strong gaming demand, and increased remote work.

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