Technology

Microsoft Decides to Give Employees a Bonus Due to the Pandemic

Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its most famous software products are the Microsoft Windows series of operating systems, Microsoft Office suites, and Internet Explorer and Edge Web browsers. Its flagship hardware products are the Xbox video game console and the Microsoft Surface series of touch-screen personal computers. Microsoft ranks 21st in the 2020 Fortune 500 US total revenue rankings; in terms of 2016 revenue, it is the world’s largest software manufacturer. It is considered one of the top five companies in the U.S. information technology industry and is on par with Google, Apple, Amazon, and Facebook. 

“Microcomputer Software” was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell the BASIC interpreter for the Altair 8800. It dominated the personal computer operating system market with MS-DOS in the mid-1980s, followed by Microsoft Windows. The company’s 1986 initial public offering (IPO) and subsequent stock price rise created three billionaires and an estimated 12,000 millionaires among Microsoft employees. Since the 1990s, it has become more and more diversified from the operating system market and made a series of corporate acquisitions, the most important of which was the acquisition of LinkedIn for US$26.2 billion in December 2016, followed by the US$8.5 billion in May. Acquired Skype Technologies in 2011.

More than a year after the impact of the coronavirus, Microsoft will give out $1,500 in bonuses to many of its employees. This move is part of the technology company’s efforts to keep employees happy during the pandemic and ensure that they stay in the absence of many employees. Time to stay outside. From the office. As companies reopen facilities and workers consider changing jobs, this care may help reduce the impact of a terrible trend known as the “big resignation.” Last year, after The Verge first reported the news, a spokesperson told CNBC on Thursday. As of the end of the first quarter, the company had more than $125 billion in cash, equivalents, and short-term investments. 

On Thursday, Microsoft’s chief personnel officer Kathleen Hogan announced the bonus in an email to employees. The spokesperson said that bonuses will be issued to employees in the United States and abroad in July or August, but Microsoft’s corporate vice presidents will not receive bonuses, nor will employees of Microsoft GitHub, LinkedIn, and Zenimax subsidiaries. In the Covid era, technology companies thank their employees. Some companies provide employees with points for food delivery apps such as Uber Eats to help them pay for their meals. Other companies have already distributed aid packages or provided additional vacation time. According to Puget Sound Business Journal, Microsoft also provided employees with an additional five days of paid vacation earlier this year.

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Sam Hardy

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