CEO of one of the world's biggest cloud storage company Teradata to its 5000-plus employees: No salary hike this year, as to win in the market, we need to reallocate budget to …
Teradata, a major cloud storage firm, will not give salary increases this year.
The company is redirecting funds from employee compensation to invest in artificial intelligence.
This decision affects 5,100 employees.
While base pay hikes are paused, performance bonuses and equity shares remain.
Other tech firms are also prioritizing AI spending over employee benefits.
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