Microsoft is giving ₹1.12 lakh cash to all its employees as pandemic bonus
Microsoft is offering a $1,500 (over Rs 1.12 lakh) pandemic bonus to all its employees in recognition of a challenging financial year that the tech giant has just completed.
According to The Verge, which has seen an internal memo, Microsoft is gifting bonuses to all employees below the corporate vice president level that began on or before March 31, 2021.
This would also include part-time workers and those working on hourly rates.
“Microsoft’s Chief Public Officer, Kathleen Hogan, today announced the gift to employees, and will apply to all eligible employees in the US and internationally,” the report said on Thursday.
Microsoft has 175,508 employees worldwide.
However, employees of its subsidiaries LinkedIn, GitHub and ZeniMax are not eligible for the pandemic bonus, the report said.
“It’s a gift of about $200 million in profit to Microsoft, or less than two days”.
Previously, Facebook gave $1,000 gifts to its 45,000 employees and Amazon gave a $300 holiday bonus for frontline employees.
Microsoft has announced a delay in reopening its offices until September, as it announced a gradual reopening of its Redmond, Washington-based headquarters and surrounding campuses from March 29 with a six-phase hybrid workplace strategy is.
Currently, Microsoft Work locations in 21 countries are able to accommodate additional employees at its facilities – representing about 20 percent of its global employee population.
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