The Economic Times

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

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, their fixed salaries will remain unchanged during the year.