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HISTORICAL FACTS: Steve mcmillan - The Untold Story

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

Teradata redirects 2026 salary increases to AI, impacting 5,100 employees, while CEO Steve McMillan earns over £12.8M. A trend of prioritising AI over employee pay.

International Business Times UK · Jun 5

Software company tells its 5,000 employees no raises this year so the money can go to AI

Software company tells its 5,000 employees no raises this year so the money can go to AI

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

The Independent UK · Jun 4

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

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…

The Economic Times · Jun 4

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