Microsoft freezes pay to fund the company's shift toward AI

has frozen pay for all full-time workers as it braces itself for a potential recession, while investing billions of pounds in artificial intelligence.
It is the latest tech giant to shore up its finances amid financial uncertainty and lukewarm demand in the sector.
A company spokesman said 'navigating both a dynamic economic environment and a major platform shift requires us to , following similar moves from Meta, Twitter and other tech giants.
In January, the software giant began layoffs affecting 10,000 employees as the technology sector deflated following soaring growth during the pandemic.
In a reversal of typical trends during a downturn, highly paid white-collar workers are seeing steep job losses, while blue-collar workers remain in hot demand, a trend some have dubbed a 'richcession'.
At Amazon, layoffs announced in November and January will total 18,000.


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