After being affected by the coronavirus for more than a year, Microsoft will give out $ 1,500 in bonuses to many of its employees.
This stance is part of technology companies’ efforts to keep employees happy during the pandemic and ensure they stay when many people are still out of the office. As companies reopen facilities and workers consider job changes, this attention can help reduce the impact of the terrible trend known as “big quitting.”
After The Verge first reported the news, a spokesperson told CNBC on Thursday that the bond will cost Microsoft approximately $ 200 million, which is a contribution to employee efforts for customers and partners in the last year. A gesture of gratitude for the effort. At the end of the first quarter, the company had more than $ 125 billion in cash, equivalents, and short-term investments.
Microsoft’s chief personnel officer Kathleen Hogan announced the bonus in a message to employees Thursday. The spokesperson said the bonuses will be distributed to employees in the United States and abroad in July or August, although Microsoft’s corporate vice president will not receive these bonuses, nor will employees of Microsoft’s subsidiaries GitHub, LinkedIn, and Zenimax.