GeekWire Mid-Week Update, Presented by ALLtech

GeekWire Mid-Week Update

Top stories so far this week

Satya Nadella details Microsoft plan for ‘significant additional investment’ in employee compensation
Microsoft plans to nearly double its global budget for merit-based salary increases, and increase its range for annual stock-based compensation by at least 25% for employees at the senior director level and below.
With sweeping pay increase, Microsoft attempts to retain talent in competitive tech job market
Microsoft’s plan to significantly boost merit-based raises and stock-based compensation for its employees and middle managers shows just how challenging it has become to keep a tech workforce intact given the larger dynamics playing out in the global economy and the job marketplace.
Seagen CEO and co-founder Clay Siegall resigns following domestic violence arrest
Clay Siegall has resigned as CEO and chairman of Seagen in the midst of domestic violence allegations, more than 24 years after the biotech veteran helped start the publicly traded Seattle-area company.
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Online retailer Zulily lays off corporate workers as parent Qurate aims to cut expenses
Online retailer Zulily laid off corporate employees last week as its parent company looks to cut costs amid broader industry concerns related to e-commerce growth.
Pentagon boosts two Seattle ventures working on nuclear-powered prototypes for space applications
Two Seattle companies have won Pentagon contracts to develop nuclear-powered prototypes for space applications, with orbital demonstrations set for 2027.
Flying Fish raises $70M fund and will cast net beyond Seattle to back more AI/ML startups
The news: Seattle-based venture capital firm Flying Fish landed $70 million for its second fund to invest in more early-stage machine learning and artificial intelligence startups — both in its backyard and across the country.
Former Microsoft Viva and Teams leader Vineet Taneja joins Brex as vice president of product
Vineet Taneja, former general manager at Microsoft, joined fintech giant Brex as vice president of product.
Major League Cricket secures $120M funding from Microsoft CEO and others to launch in U.S.
Major League Cricket is tapping into the tech and business communities to secure major funding for its planned launch in the U.S.
White House and Jeff Bezos continue to trade jabs in dispute over inflation claims
The White House returned fire and Jeff Bezos took another swing Monday in a back-and-forth dispute between the Amazon founder and President Joe Biden.
Q&A with Providence’s new digital chief on spinning out startups and the future of health tech
Since its founding in 2014, Providence’s Digital Innovation Group has grown to 200 engineers, data scientists, marketing professionals and other employees tasked with generating new tech tools.
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These high school rocket launchers are flying high | Microsoft adjusts cloud practices in Europe

Wednesday, May 18, 2022

Tech leaders invest in cricket league | New AI2 spinout | Stitching the metaverse ADVERTISEMENT GeekWire SPONSOR MESSAGE: The Nordic Innovation Summit, May 19, tackles the biggest issues with

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Tuesday, May 17, 2022

GeekWire's Elevator Pitch competition is back | Zulily layoffs | Arrived Homes lands $25M ADVERTISEMENT GeekWire SPONSOR MESSAGE: The Nordic Innovation Summit, May 19, tackles the biggest issues

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