AIFortuneabout 16 hours ago
CEO denied raises to spend money on AI instead
5 min read
A CEO denied raises to spend money on AI instead. Companies have 'no idea what they're going to need in a workforce' when the AI race is over. Teradata told its 5,100 employees no annual raises in 2026 to fund AI investments. TTEC paused 401(k) matches for U.S. employees until 2026. Employees may face pay cuts as firms shift budgets toward AI.
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