Microsoft to skip pay raises for salaried employees this year
Microsoft will not give any raise to salaried employees, including senior leaders, this year as global macroeconomic conditions continue to haunt Big Tech.
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global macroeconomic conditions
US investment firm Vanguard slashes Ola’s valuation by 35%
The US-based investment management company Vanguard has slashed ride-hailing firm Ola's valuation by 35 per cent amid global macroeconomic conditions, reducing its worth to about $4.8 billion.
Amazon puts Alexa biz under major cost-cutting review: Report
As Big Tech reels under the global macroeconomic conditions, Amazon is now reviewing its Alexa virtual assistant-driven business as part of a major cost-cutting exercise headed by CEO Andy Jassy, the media reported.