Tech

Microsoft ‘salary leak’ unveils top earners’ staggering incomes

Published

7 months ago

October 19, 2023

ticker NEWS

A recent ‘salary leak’ from tech giant Microsoft has shed light on the jaw-dropping earnings of its highest-ranking employees.

The leak, which has caused quite a buzz in the tech industry, exposes the eye-watering salaries and bonuses enjoyed by the top echelons of the company.

The leak reveals that some of Microsoft’s executives are earning in the tens of millions annually, combining their base salary with substantial bonuses and stock options. This disclosure raises questions about income disparities within the company and the wider tech industry.

The highest tier outlined in the disclosed document, utilized by hiring managers to determine new hire compensation, featured a starting salary capped at $361,500, an onboarding bonus potential of up to $1.2 million, and an annual stock grant of up to $945,000.

Microsoft, being a prominent player in the tech sector, often sets trends in compensation packages. This leak could potentially influence salary discussions and policies at other tech firms, causing a ripple effect across the industry.

Related Topics:Business Microsoft Salary

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Tesla is slashing prices to stay competitive

Published

2 weeks ago

April 21, 2024

Reuters

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.

Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.