Microsoft is giving all of its employees $1,500 to work through the COVID-struck fiscal

Microsoft is rewarding all of its employees for a year battered by a tough pandemic, according to a report in The Verge. According to an internal memo seen by the website, Microsoft Microsoft’s chief public officer, Kathleen Hogan, on Thursday announced a gift to employees, which is giving its employees a one-time bonus of $1,500 (about Rs 1,12,000) “in recognition of a unique and challenging fiscal year”. 8 July. The company is gifting this bonus to all employees below the level of Corporate Vice President who started on or before March 31, 2021, including part-time employees and on hourly rates.

Now, this bonus does not include employees of linkedin, Github and ZeniMax, despite Microsoft owning these three companies. Microsoft Currently it is 1,75,508. Looking at the figure, the one-time bonus could cost the company more than $200 million (approximately Rs 1,490 crore). As The Verge reports, that’s less than two days’ worth of profit for Microsoft. This comes after similar gestures from the tech giants over the past year. Facebook Last year, it gave a gift of $ 1,000 (about Rs 75,500) to its 45,000 employees. heroineOn the other hand, a holiday bonus of $300 (approximately Rs 22,400) was given for frontline workers. Microsoft also says it has donated more than $98 million in aid to nonprofits in Washington state “since the COVID-19 pandemic began, with plans to provide an additional $60 million in support by July.”