{"id":226281,"date":"2026-06-04T15:14:00","date_gmt":"2026-06-04T19:14:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/04\/software-company-tells-its-5000-employees-no-raises-this-year-so-the-money-can-go-to-ai\/"},"modified":"2026-06-04T16:30:28","modified_gmt":"2026-06-04T20:30:28","slug":"software-company-tells-its-5000-employees-no-raises-this-year-so-the-money-can-go-to-ai","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/04\/software-company-tells-its-5000-employees-no-raises-this-year-so-the-money-can-go-to-ai\/","title":{"rendered":"Software company tells its 5,000 employees no raises this year so the money can go to AI"},"content":{"rendered":"<p><a href=\"https:\/\/www.independent.co.uk\/us\/money\/software-company-artificial-intelligence-cancel-raises-b2989726.html\">Software company tells its 5,000 employees no raises this year so the money can go to AI<\/a><\/p>\n<p><a href=\"https:\/\/www.independent.co.uk\/us\/money\/software-company-artificial-intelligence-cancel-raises-b2989726.html\">https:\/\/www.independent.co.uk\/us\/money\/software-company-artificial-intelligence-cancel-raises-b2989726.html<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-06-04 15:14:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.independent.co.uk\">www.independent.co.uk<\/a><\/p>\n<ul>\n<li>The Independent is committed to covering major issues like reproductive rights, climate change, and corporate affairs without placing paywalls, and emphasizes the importance of factual reporting.<\/li>\n<li>Over 5,000 Teradata employees will not receive raises in 2026 due to budget reallocation toward artificial intelligence investments.<\/li>\n<li>Teradata CEO Steve McMillan cited the need to &#8220;win in the market with AI&#8221; as the reason for the salary freeze, according to a Business Insider report.<\/li>\n<li>While raises are withheld, employees might get performance-based bonuses and stock shares. Non-binding raises in countries requiring such adherence remain unaffected.<\/li>\n<li>This decision comes amidst a backdrop of increased tech layoffs and follows a similar move by tech firm TTEC, which stopped 401(k) matching contributions for AI investment.<\/li>\n<li>Workplace strategist Jennifer Moss noted that linking these cutbacks to AI could signify a shift in corporate communications, either marking a more honest disclosure or a cynical maneuver.<\/li>\n<li>Teradata reported a first-quarter operating loss of $36 million, driven by a rise in operating expenses; however, part of this loss was offset by lower employee compensation due to last year&#8217;s restructuring.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Software company tells its 5,000 employees no raises this year so the money can go&#8230;<\/p>\n","protected":false},"author":1,"featured_media":226282,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/static.independent.co.uk\/2026\/06\/04\/16\/20\/GettyImages-2260945059.jpeg?trim=0,0,2,0&width=1200&height=800&crop=1200:800","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-226281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/226281"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=226281"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/226281\/revisions"}],"predecessor-version":[{"id":226283,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/226281\/revisions\/226283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/226282"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=226281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=226281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=226281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}