Microsoft reportedly skipping raises for full-time employees, cutting bonuses
Stephen Brashear
Microsoft (NASDAQ:MSFT) is reportedly skipping raises for full-time employees this year, as well as cutting the amount it doles out for bonuses and stock awards.
In an internal email obtained by Insider, CEO Satya Nadella said the economic conditions across the planet warranted the move.
"Last year, we made a significant investment in compensation driven by market conditions and company performance, nearly doubling our global merit budget...this year the economic conditions are very different across many dimensions" Nadella's email was quoted by the report. 
In January, Microsoft (MSFT) said it lay off 10,000 employees and take a $1.2B charge in conjunction with the reduction. At the time, Microsoft (MSFT) also said it would initiate "lease consolidation as we create higher density across our workspaces."
Earlier this week, LinkedIn, the professional social networking app owned by Microsoft (MSFT), said it would let go 700 employees and shut down its China-focused app amid concerns over the weakening global economy. 
Microsoft (MSFT) shares rose slightly more than 1% in mid-day trading on Wednesday.
Redmond, Washington-based Microsoft (MSFT) did not immediately respond to a request for comment from Seeking Alpha.
More on Microsoft

Microsoft signs deal with nuclear fusion company to provide electricity
Microsoft said to be keen on getting Firefox search deal as Google contract expires
EU set to approve Microsoft purchase of Activision as soon as Monday - report