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The move is part of an effort by tech companies to keep employees happy during the pandemic and make sure they stick around while many are still away from desks. Such care could help reduce the impact of a dreaded trend dubbed the Great Resignation as companies reopen their facilities and workers consider switching jobs.
The bonuses will cost Microsoft around $ 200 million and are a gesture to show appreciation for the efforts employees have made with customers and partners over the past year, a spokesperson told CNBC on Thursday, after that The Verge first reported the news. At the end of the first quarter, the company had more than $ 125 billion in cash, cash equivalents and short-term investments.
Kathleen Hogan, director of human resources at Microsoft, announced the news of the bonuses in a message to employees on Thursday. The bonuses will be paid in July or August to employees in the United States and abroad, although Microsoft vice presidents will not receive them, nor will employees of Microsoft’s subsidiaries GitHub, LinkedIn and Zenimax, the door said. -speak.
Special payments are one way tech companies have shown appreciation to their employees in the age of Covid. Some companies have provided credit for food delivery apps like Uber Eats to their employees to help pay for meals. Other companies have distributed care packages or offered additional time off. Microsoft also gave workers an additional five days of paid vacation earlier this year, the Puget Sound Business Journal reported.
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