Despite the freeze, Microsoft reported remarkable revenue growth throughout the year. The company’s financial figures for Q4 2023 and the end of the fiscal year are yet to be confirmed. However, Microsoft achieved revenue increases of 11%, 2%, and 7% in the first three quarters of FY23, as disclosed in their financial reports.
Nadella justified the decision by highlighting the significant compensation investment made in the previous year, which included increased annual stock opportunities for employees. However, this explanation did little to appease the disgruntled workers who believe that their dedication and contribution to the company’s success should be rewarded with fair compensation.
