Microsoft Won't Raise Salaries for Full-Time Employees This Year

Microsoft said it won't raise salaries for full-time employees this year, the latest sign of tech companies' belt-tightening amid concerns about a slowing economy. The software company, which is in the midst of embracing new artificial-intelligence tools that could revolutionize work and learning, said it plans to offer promotions, bonuses and stock awards to full-time employees this year.