Monday, December 4, 2023

Microsoft Will Give 1,500$ to Employees as COVID Pandemic Bonus

To put a smile on the faces of its employees, Microsoft plans to distribute $1,500 to most of its employees as pandemic bonus. It was decided to distribute the bonus amount among employees in order to reduce the negative consequences of the pandemic.

According to The Verge, which received internal records, Microsoft is awarding bonuses to all employees below the corporate vice president level beginning on or before March 31, 2021. It will also cover part-time and part-time workers.

“Microsoft CEO Kathleen Hogan today announced an employee reward that will apply to all eligible employees both in the US and internationally,” the report said on Thursday.

Microsoft has 175,508 employees worldwide.

However, employees of LinkedIn’s GitHub and ZeniMax subsidiaries are not eligible for the pandemic bonus, the report said.

“This is a reward of about $200 million or profit for Microsoft in less than two days.”

Previously, Facebook had donated $45,000 each to its 45,000 employees, and Amazon was giving frontline employees a $300 bonus.

Microsoft announces that it will reopen its offices after September and it will reopen its offices slowly in Redmond, Washington headquarters and nearby campuses on March 29 with a six-tier hybrid workplace strategy.

To date, Microsoft’s locations in 21 countries have successfully accommodated additional employees in their facilities – approximately 20% of the global workforce.

Microsoft also said it had donated “more than $98 million to Washington nonprofits” since the COVID-19 pandemic began and plans to give an additional $60 million in July.

Since the pandemic began, Microsoft has generated at least $160 billion in revenue thanks to a combination of companies flocking to cloud services, increasing laptop sales and Windows usage, and driving strong Xbox growth.

Over the past year, many large companies have given their employees such similar gifts, including Facebook for its $1,000 employees, Amazon for its $300 frontline employees, and BT for its 60,000 $1,500 employees.

To help employees with grocery bills, some companies provide loans to their employees from UberEats so employees can buy groceries.

Additionally, Twitter has announced that it will reimburse its employees for setting up a home office and additional childcare costs incurred by parents. As part of last year’s bonus program, The Verge’s parent company, Vox Media, also provided an employee bonus of $1,000.

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