Microsoft CEO announces no salary raises for staff in 2021.

Microsoft CEO Satya Nadella announced in an email to staff that full-time salaried employees will not receive raises this year due to economic conditions, but the company will maintain the bonus and stock award budget. The promotion budget remains the same, and exceptional performance will be recognized with high rewards. The senior leadership team, including Nadella himself, will also experience lower performance-based bonuses compared to the previous year. Microsoft reported strong quarterly earnings, with its cloud division beating consensus estimates.