this post was submitted on 04 Jun 2026
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143
A CEO told employees they won't get raises in 2026 because the budget is going to AI (www.businessinsider.com)
submitted 2 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] barkybeak@lemmy.zip 27 points 2 hours ago (2 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 13 points 1 hour ago

How much of a raise will the CEO get?

[–] uuj8za@piefed.social 9 points 1 hour ago

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