Microsoft trims benefits to cut costs
SeattlePI | at | by Mike
Microsoft, renowned for its industry-leading employee benefits, plans to scale back in some areas as part of a broader effort to cut costs and improve its profit margin even as revenue growth slows.
Don't worry, the soft drinks in the break rooms are still free.
But the company yesterday said it will reduce the discount employees receive when they buy Microsoft stock, shrink the window in which they can take their four weeks of paid parental leave, require a co-payment when they choose brand-name prescription drugs over approved generic equivalents and trim the vacation time received by new hires.