US Tech CEO Scraps Annual Salary Hike for 5,100 Employees to Boost AI Spending

No Raises for 5,100 Workers as CEO Funds AI With Salary Budget — His Own 2025 Pay Topped $16M

Teradata CEO Steve McMillan told the company's 5,100 employees in January that their annual salary rises were being scrapped this year, with the money redirected towards artificial intelligence instead, according to an internal memo first obtained by Business Insider. 'We will fund this AI investment by reallocating the budget from 2026 annual salary adjustments,' McMillan wrote. The memo allegedly said the bulk of spending would go towards scal…

US tech CEO scraps annual salary hike for 5,100 employees to boost AI spending

In an internal memo, the CEO said the company’s primary focus for 2026 is to “win in the market with AI”. 

Software company tells 5,000 employees no raises because the money is going to AI

Teradata CEO Steve McMillan says the decision was driven by a desire to ‘win in the market with AI’

5,100 employees won't get salary hikes as Tech CEO says company is spending on AI instead

Teradata salary hike 2026: Cloud software company Teradata has decided to freeze annual salary increases for its 5,100 employees in 2026 as it redirects those funds towards expanding its artificial intelligence capabilities. The move underscores the growing competition in the AI race, with companies prioritising technology investments to drive future growth. While employees may still be eligible for performance-based bonuses and other incentives…

A CEO told employees they won't get raises in 2026 because the budget is going to AI

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Teradata freezes salary hikes for 2026 to boost AI investments

Cloud analytics and software company Teradata has decided to suspend annual salary increases for its global workforce in 2026 as it channels more resources into artificial intelligence (AI) initiatives. The move affects around 5,100 employees worldwide and reflects the growing emphasis technology companies are placing on AI-led growth. The decision, which recently came to light through media reports citing an internal communication from the comp…