this post was submitted on 04 Jun 2026
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A CEO told employees they won't get raises in 2026 because the budget is going to AI (www.businessinsider.com)
submitted 6 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] barkybeak@lemmy.zip 54 points 6 hours ago (3 children)

Saved you a click

Teradata, a global cloud software company, told its 5,100 employees in January not to expect an annual salary raise this year as it reallocate the budget toward AI investments, according to an internal memo seen by Business Insider and not previously reported.

[–] ReluctantMuskrat@lemmy.world 6 points 3 hours ago

This is how they get voluntary terminations that don't require severance.

[–] femtek@lemmy.blahaj.zone 28 points 6 hours ago

How much of a raise will the CEO get?

[–] uuj8za@piefed.social 22 points 6 hours ago

CEO later added: the exec team is still getting a raise though.