Satya Nadella's Move To Hire OpenAI Employees Sparks Discontent Among Microsoft Staff
Portfolio Pulse from Benzinga Neuro
Microsoft (NASDAQ:MSFT) is facing internal discontent after announcing the hiring of OpenAI employees with matched compensation. This has caused unrest among existing staff who have experienced job insecurity, layoffs, and salary freezes. The hiring of OpenAI's ex-CEO Sam Altman and President Greg Brockman to lead a new AI research group has added to the perceived disparities. OpenAI's board is struggling to manage a crisis as over 96% of its employees demanded the board's resignation and are ready to quit, potentially following Altman to Microsoft.
November 22, 2023 | 3:49 am
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Microsoft's decision to hire OpenAI employees with matched compensation amidst internal layoffs and freezes may lead to decreased morale and productivity among current staff.
The hiring of OpenAI employees at their current compensation levels, especially during a period of layoffs and salary freezes at Microsoft, could lead to internal dissatisfaction and decreased morale. This may negatively impact Microsoft's short-term productivity and employee engagement, potentially affecting the company's stock price.
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