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5/16, 9:07 PM (Source: TeleTrader)
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Microsoft confirms plans to raise worker salaries

Microsoft Chief Executive Satya Nadella announced in a memo on Monday the company will be increasing salaries for its employees due to the tightening labor market as well as soaring inflation in the United States.

"People come to and stay at Microsoft because of our mission and culture, the meaning they find in the work they do, the people they work with, and how they are rewarded. This increased investment in our worldwide compensation reflects the ongoing commitment we have to providing a highly competitive experience for our employees," Microsoft's spokesperson told CNBC.

Baha Breaking News (BBN) / ND