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 20 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] barkybeak@lemmy.zip 69 points 20 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.

[–] femtek@lemmy.blahaj.zone 35 points 19 hours ago

How much of a raise will the CEO get?

[–] uuj8za@piefed.social 31 points 19 hours ago

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

[–] ReluctantMuskrat@lemmy.world 13 points 17 hours ago

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