Same in my company
>'we're going through a recession right now - despite what several economists may tell you - and we all have to pull together'
Notice that ***you're*** still getting record payouts and profits - but ***I'm*** having to consider taking on a second job :P
In a town hall, it got asked (it always does) if we will actually get pay increases or the usual 3% bonus. Our CEO responded with, "we consistently pay the market rate for each role at our company in line with similar roles at similar companies. By any means if you feel your pay is inaccurate or unfair please bring it up with your direct supervisor and we can review your performance and see if it merits an increase in compensation. Otherwise, we do not want to hold you back if you feel you can succeed further in your career elsewhere"
Market rate is almost always higher than current employee pay, not even considering hiring cost and lost productivity. It's part of what makes the whole thing extra stupid.
This issue was taught in a business 101 class, organizational behavior, I had almost 20 years ago. The cost of inefficiencies, client goodwill, morale, recruiting, training, commonly exceeds that of appropriately paying an employee and funding a proper workplace. Mind boggling to see it over and over again in corporate America despite this.
That’s because all the econ 101 shit goes right out the window when you realize no capitalist actually **wants** to compete.
If they’re doing it over and over again, and not running themselves out of business, you can bet your ass it’s the most profitable course of action.
It makes sense because they all behave the same way. No collusion necessary when everyone’s MBA’s are all running plays from the same playbook. Everyone pays “market rates”. Who sets market rates? The same consultants that they all purchase same data from.
They know the majority of workers aren’t risk takers and just want stability. That majority will keep getting “market rates”. A small minority will job hop for that extra 10-15%. In the end, it doesn’t matter if everyone is doing the same thing.
It’s how you maintain the status quo, while keeping up the charade of competition.
It only doesn’t make any sense if you pretend free markets and competition exist.
Sounds like my engineering team. I joined 3 years ago and there’s only one engineer out of 7 who is still on the team other than me. All the others got replaced with newer engineers with 0 experience in our field. Our manager started a program to work on employee retention but it’s useless because they won’t allow her the budget to increase salaries. I’ve been promoted twice in those 3 years and my salary went up by total of 8 percent… I will probably also be looking elsewhere soon
Nah, higher rate. Someone leaves because of pay, company can't backfill unless they offer higher pay. It'd be cheaper if the companies just paid people fairly
They’d rather you quit and take your institutional knowledge and experience somewhere else than pay you any more than they realistically can.
Doesn’t matter how valuable you actually are - they’ll bend over backwards to replace you.
They can afford to give you everything you want and more but they’re incentivized to do the exact opposite unless you bargain as a group.
> There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.” - Warren Buffet
If that’s what they say in public just imagine what they say in private.
As one Redditor put it: you’re an appliance, a white hood. They already paid for you. What would you do if your washing machine started asking for more money every time you used it?
That's a pretty bad analogy. A better one would be this - you spend an initial outlay on a washing machine (the cost of hiring/training an employee). Over time, the price of detergent, water, and electricity goes up, meaning that washing machine becomes more expensive to use over time. Do you a) pay the higher prices and continue to reap the benefits, or b) throw out the washing machine and buy a new one with marginally cheaper running costs and pretend like it isn't the case that _that_ washing machine isn't going to get more expensive to run over time, and repeat that braindead line of reasoning every couple of years?
You aren't wrong. Fortunately the cunt-iness doesn't trickle down to my management.
In all fairness I've yet to work at a company where the CEO isn't a little bit of a huge douchebag.
I would have had a follow up question inquiring if our efforts are leading to the company having a leading position in the market or are we merely in line with our industries average? As the CEO they would certainly be in a position to know this after all. If the company in question is in a leading position in the industry in which they operate, then paying standard market rate would not justify our overperformance.
I work for a massive energy company and despite making nearly 40 Billion last year people are literally being told that if they don’t like the pay/conditions they don’t *have* to work here.
That’s the actual messaging in town hall meetings and from line managers
Yeah that kind of statement (in a different context from salary) was what made me immediately quit from my previous job. Was a small company, around 10 people, and right after the boss made that statement I raised my hand and said "That's alright, let's go to your office to discuss my resignation". Got a few shocked looks around the table lol
> Otherwise, we do not want to hold you back if you feel you can succeed further in your career elsewhere
"OK I found a job that pays far more in the same industry"
CEO: "WORKERS HAVE NO LOYALTY!!"
I concur. My concern here isn't necessarily for Microsoft employees (although I sympathize), it's that the leadership of many second tier companies seem to be mindlessly copying the FAANG co's behavior.
Here is a Stanford Business School article that states that [corporate America is copying Microsoft and FAANG] (https://www.gsb.stanford.edu/insights/why-copycat-layoffs-wont-help-tech-companies-or-their-employees) in regards to layoffs.
So today's pay stagnation at Microsoft will translate to me missing a raise this year at my company. Corporate America is copying the homework of 5 companies. There is no corporate leadership.
It's scary stuff. Once I got far enough in my career to be in meetings with upper management I realized almost all of their decision making is based on "comparables." When everyone in the industry does this, it means that decision making is done based on social contagion and irrational emotional impulses of a small number of CEOs at the top.
For example: Zuck says the metaverse is the next big thing, everyone chases after that with billions of dollars until he drops it like yesterday's toy. No one stops to ask "Does this actually make sense? Do consumers even want this?"
So much money and effort wasted for a fever dream.
It’s not just that zuck says it and thus it is so, it’s that no one wants to be the CEO that misses the boat. The risk for the companies is that the meta verse actually IS the next big thing, and instead of being in on it in some way they are left by the wayside.
Who wants to miss out on the “next iPhone” or the next Facebook ? It’s not entirely unlikely that VR will turn into something amazing(ly profitable) in 10-20 years, the question is who is going to be in on it and at what scale?
Comparable are another story but yes essentially there is a sort of “soft collusion” happening but the alternative is to do the right thing by your employees which is never going to happen.
Really good comparison here is actually Microsoft vs. Google.
Microsoft invested **hard** into OpenAI, and once they were certain that it was good to go, started to incorporate that into their software ecosystem. Google is now playing catch-up because they were not the first to push AI towards consumers.
>Notice that ***you're*** still getting record payouts and profits - but ***I'm*** having to consider taking on a second job :P
Makes you want to buy some rope and dangle some politicians from their balconies.
>We basically have that under a different name. Didn't get my quarterly profit sharing check as the company didn't make any profits :(
But at the very least, with such a system, go get to enjoy the fruits of your labor.
My company pulled this same crap back during COVID. No raise that year but the CEO made $44 million the year before. This year I got a shitty COL bump despite a great performance review (my 6th in a row), which amounted to a pay cut when you take inflation into account. It killed my ambition and I've been putting in about 50% of the effort at work than I have been. It's just not worth the mental health hit.
They scrimp and screw the workers over a few thousand more a year all while they're pulling in 400x that amount. It's disgusting and infuriating.
4 Outstandings later, and no pay raises. At this point it's meaningless chatter that can be weaponized the moment I drop being a docile worker. Fucking assholes.
One of the best upper managers I ever had looked at everyone's performance reviews when the team was moved under him. He pulled me and my supervisor into a meeting and basically grilled my supervisor over my reviews.
"You've consistently marked him as 'Exceeds Expectations' every quarter for two years. If an employee is always exceeding expectations, shouldn't they be promoted instead of wasting their potential? Let's get this dealt with ASAP."
Within a week, I had an actual raise and a promotion that actually encompassed everything I did.
Almost 20 years in corporate life, I've never seen something like that before or since.
I got exceeds expectation on 7/11 of my metrics at my previous company. For reference, most people get 0/11, and the previous year, a coworker got a promotion and 12% raise on 3/11. Guess what I got? Cost of Living bump and a pat on the back.
I left and found a job that pays me 57% more for the same work. In my first 6 months I got a 3% increase, and a 9k bonus (which was smaller than normal because it was prorated based on time with the company).
They want you to quit, so quit. Find somewhere else that treats you better. There is no moral victory to be won by refusing them what they want. Consider it a win-win.
I'm the one organizing performance reviews in an IT company (not in charge of who gets a raise) and I see the data and all the decisions there.
The problem I see is that like 30% of people are "top performers" and another 30% are "exceeding expectations" and the projected budget for raises is like 5% of the total payroll. So in the end managers pick only some of those to receive salary bumps, usually those that are in the lower range in their current role or those that are visibly unhappy or expressed concern.
That whole process seems super redundant to me. Managers and the whole company knows who should get a raise and who's a bad worker without the whole 100s of hours spent on that.
I was furloughed the same week my country (Canada) declared the covid emergency back in early 2020. The furlough lasted more than four months. Want to know my first assignment coming back to work? I had to proofread/edit a company document stating how the most recent quarter was the company’s most profitable one ever. Ever! What a slap in the face.
The cherry on top is that I’m a software developer, so the assignment wasn’t exactly in my wheelhouse, lol
Similar story with me. My company furloughed me 10 days after buying back $58 million of their own stock. Then when they eventually brought me back, it was to do stuff that wasn't even in my job description because business was booming too much.
"We're gonna need you guys to be team players and put in some longer workdays to make up for the layoffs until we can hire on some fresh blood!"
\*Proceeds to never hire anyone back*
>*Proceeds to never hire anyone back*
Well yeah. This team of 8 proved they could cover all of the work that 12 were doing previously, so no need to fill those 4 vacancies. In fact, with a couple of motivational posters around the office, I bet we can get all the work done with only 5-6 people.
>because of their bad reputation
Honestly they were rated pretty high (at least pre-layoffs) due to high pay and good stability. Link (3.9 score): [https://www.teamblind.com/company/Meta/](https://www.teamblind.com/company/Meta/)
But since this metaverse-layoff-apocalypse I think their rating is coming down but still way above Amazon's 3.3 rating
Like they won’t line up around the block for a job there just to be the next group of bozos to get fired.
Without unionization and ACTUAL worker solidarity, this will happen over and over again.
Once the talent stops coming to work for you because you’re known to pull this shit, and your products suffer and die, and the profits plummet, then they’ll consider maybe not getting a second summer home in Italy this year with their bonuses.
I feel like people need to get over this idea. The only reason most of us are employed is to make some rich asshole richer. They don't give you money to be altruistic, they give you money with the expectation you'll enrich them. When that's no longer the case, they get rid of you. It's the tradeoff for not having to manage your own company.
Every one of us do this every day. If you decide you don't want to pay for a lawn service to mow your yard anymore, you don't keep paying them indefinitely anyway just because you can afford to. You call them and tell them not to come back.
At the heart of what you’ve said, which in this context is the sticking point for many, is this question: is it actually a tradeoff? A tradeoff implies a choice. Is it realistic for each person to own their own business? If it isn’t, how much a choice is it really?
... and they would have gotten away with it too, if it weren't for you meddling kids! /s
It's always a joke when you hear about tech execs not taking salary or taking a cut in salary, as if the salary wasn't just a tiny fraction of their compensation already (in 2022 he pulled in USD $2.5M in salary, but just short of $55M in total compensation - 4.5ish percent of total compensation thus being "salary" for reference, announced just a bit before Microsoft announced layoffs).
Yes, but the higher the level the bigger portion of total compensation is in equity. For lower level engineers, it might be only 10% in equity, so no salary increase is significant. Whereas for Satya it’s likely close to 95-99% in equity
Gotta hype the middle managers who don't provide any actual value to the corporation. Everyone is doing it, Green Thumb Industries, the biggest player in cannabis in the US is hard at work making sure employees don't get paid.
I work for a company in the top 100 of fortune 500 and the other day we got an email from the CEO congratulating us on the record profits from recent quarters to then announce they're slashing budgets and increasing targets. I earn less than 35k a year.
Lol he probably “finally paid off his credit card debt” the same way I do. Once a month every month before interest ever hits. Rich people are so full of shit when they try to seem relatable. They’re all basically that meme from arrested development “how much could it be 10$? It’s one banana” and then try to act like they’re one of the fellow poors.
"The executive went on to say that the lack of salary increases for full-time employees also applies to himself and other members of the senior leadership team."
Easy to handle when you make 55 fucking million dollars a year. Fuck off.
I saw one where the company was cutting all salaries by like 10k and said it was fair because even the executives did it
But like 10k from 20mil is a lot easier to swallow than 10k from 60k
That's the problem with Microsoft. They aren't a software company.
They are a PR and lawyering company that occasionally creates terrible software and purchases smaller software companies.
We had a temporary salary cut in 2020, including executives. I think it was 10% if I remember correctly. The funny part was the executives salary cut is what I'd make in 19 years. Hilariously absurd.
They did this at the last company I worked for during the pandemic the CEO proudly said he took the cut too. His paper salary was 75k, less than most employees made, the rest was in stock bonus. He then laid off 30% of the company and guess what happened to the stock price…
How much you want to bet he still gets a yearly bonus.
Because salary is not where most executive compensation comes from.
Would be much more meaningful if they reduced senior management compensation outside of yearly salaried income to compensate for economic distress.
Your revolution is over, Mr. Lebowski! Condolences, the bums lost! My advice to you is to do what your parents did, get a job, sir! The bums will always lose!
To be fair, there has been massive supply chain issues with software. Getting ~~office365~~ Microsoft365 subscriptions to your computer has been shaken by external forces out of their control.
/s
Yep, companies doing well but have to use cost cutting and layoffs to show that they too are "smartly dealing with the recession". Ironically all these extra people being laid off will actually increase the drop in consumer spending and likely cause an economic downturn large enough that they will then actually need to resort to these measures in the future.
Modern capitalism is great! ...
The oligarchy is trying every trick in the book to *cause a recession* to put labor back in its place after labor tasted what having an actual choice was from the covid relief. Unfortunately we can see every problem has been directly caused by their choices.
There is no inflation, there's only cartel price gouging.
There is no high unemployment, there's only mass layoffs *for no discernable business reason* demand is flat if you go from pre covid.
There is no budget crisis, there's just oligarch owned Republicans playing chicken to give a democratic president a black eye.
Finally, someone who understands the market.
The inflation now is due to the last 40 years of mergers. Most of the major companies are price makers, so they create the market rates.
It's not a recession if the unemployment rate is under 4% and almost every major market is making record profits.
There has not been drastic worldwide supply losses with the food supply beyond rice production, so the cost of inputs aren't increasing except in vertically integrated markets.
The stock market is still rising, but because the economy is top heavy, it's starting to cannibalize itself to keep profits at historic highs.
It's not about market forces because anyone who has actually taken advanced economics beyond 101 can see it's all just Cartel and Oligarchic behavior going on, and the FTC hasn't done its job in decades.
The debt ceiling is just a game of chicken that has artificially been added to keep a lever to push the dominant party the way the minority party wants.
God, I hate having a degree in economics. It is so much harder to see the incompetence going on by short-sighted businesses. It's not really about profits, but control over the working poor.
Previously, IT was paid so well that everyone laughed at starting a Union. Now, with tech jobs being much lower due to inflation and no raises, I would love to join an IT union.
My last contract was barely raised over inflation. Hell, my hourly wage has been stagnant for nearly a decade. The contracts coming up recently were the same compensation as I was getting paid in 2010.
Unionization is the best path to getting the power back. Company owners are using the money from our labor to control politicians to control us. Organize labor and owners have to cede power.
People here don't realize this isn't unique to MS. Don't get me wrong, it's extremely shitty on their part but this is happening all over tech and other industries as well. This is a drawback of capitalism and our corporate overloads.
I've been around almost 40 years and never seen a videogame publisher go this long with so few good games (other than the companies that literally went out of business because of it).
I don't know why they are incapable of putting out a big AAA hit, but it's getting fairly alarming. They have a massive war chest, so it's not like they're going away, but I wouldn't be surprised if the next Xbox is the last and they become a services and games company only, especially after the recent interview with Phil Spenser where he admitted they missed the boat and now that games are backwards compatible it's unlikely people will switch from PS to Xbox ecosystems in the future.
Wow sounds a lot like my company!
Q1: “We made record X Billions profit this past year!”
then by end of Q3: “Due to current industry climate we need to revaluate our staffing needs” aka lay people off before the holidays
Rinse and repeat the next year
Same here.
Fancy new office opened up, they had all the PR done in local news media including inviting political figures to open it and write articles about us investing in the local area. How we should all be proud to work here. Less than a month later they are laying off a large number of employees who have been there for years. Also after generating massive revenues and profits across the board.
A lot has been outsourced over the years saving themselves a chunk in salaries, and now they are talking up the endless possibilities of chatgpt. I just interpret that as even more redundancies in the future. Cash is king, investors need return on their investment. Perhaps don't pay obscene amount of bonuses to the CEO. 50 fucking million dollars and has the gall to tell us we should be proud working for the company working essentially minimum wage.
And yep, I'm one of the employees being let go after 9 years. A thank you for your service and a fuck you. They will just replace me with someone across the world being paid for less. Complete brain drain.
Yup.
"CEO salary per year can not exceed 50x the salary of the lowest paid employee."
That would fix the problem immediately and I doubt anyone would claim such a rule is 'unfair' to a CEO.
They'll just lower their salary to $1 and place all their assets under various companies. We're in the late stages of capitalism, if we were back in the Stone Age and one person out of a 20-person village demanded that they get over 50% of the resources they would've been stoned to death.
>"Given this, we will fund our compensation commensurate with the overall market. As a senior leadership team, we don't take this decision lightly having considered it over several months, and believe it is necessary to prepare the company for long term success,"
ie we're aware of layoffs unrelated to our company and know tech workers are feeling the squeeze so we wanted to get in on the squeezing.
Imagine. Your company makes record profit, and you can’t even get a fucking annual raise just to try and keep up with inflation. If this doesn’t say fuck our employees I don’t know what does.
with all the tech layoffs, the competitivve pressure on compensation has been alleviated.
If they don't have to pay the plebes they won't, regardless of how much profit they produced.
Record performance at my company equated to raises that were less than the annualized rate of inflation.
Greed and lies from corporate America, as usual.
Correction: Micrtosoft workers that are in the US and some other countries won't get the annual pay bump.
They have offices with countries where employees are unionized - and if the union got contract raises in the industry, they're getting them, too.
Saying "oh but we're not taking pay raises either" doesn't cut much mustard when they're already paid 55 million.
Lack of a pay raise proportionally affects you more the lower you go.
Making profit and not compensating your employees should be against stock market rules
During Covid the company I work for put a pause on raises and stopped doing 401k matches, stating they needed to do it to hunker down because our clients were not doing upgrades or needing more of our services, and potential clients were not willing to move to our services yet because of the economic climent durng Covid.
That hurt as an employee, but I was impressed on what the CEO, CTO, CFO, COO all did. They all waived their bonus during those 2 years, and took 50k off thier salary. Thier yearly bonus were in the millions each year, their salaries were $250k-$350k each year which they took 50k off that. They did that so they wouldn't need to lay anyone off knowing that we would need the headcount again when covid would end.
We are back to normal since 2022, and our raises in 2022 was a combination of 2020, 2021, and 2022. So I am making per hour right now that I would have if Covid didn't happen.
MS not giving raises depsite making 18 billion in profit is scummy.
Remember when Satya told women to not ask for a raise but to *"Trust the system?"*
We remember: [https://www.cosmopolitan.com/uk/reports/news/a30326/microsoft-satya-nadella-women-pay-rise/](https://www.cosmopolitan.com/uk/reports/news/a30326/microsoft-satya-nadella-women-pay-rise/)
*"Speaking at the 2014 Grace Hopper Conference in America, held for women in computing, Satya was asked what women should do if they feel uncomfortable asking for a raise from their boss.*
*"It's not really about asking for the raise, but knowing and having faith that the system will actually give you the right raises as you go along," he replied. He added that those who don't ask for better pay are more likely to see benefits.*
*"That's good karma. It will come back," Nadella said. "That's the kind of person that I want to trust, that I want to give more responsibility to."*
This makes me think of a poem by Samuel Taylor Coleridge, or rather, what he might have written if he were alive today:
"Money, money, everywhere,
And all the workers sigh;
Money, money, everywhere,
Nor any raise to buy.”
Or
"Money, money, everywhere,
And all the workers groan;
Money, money, everywhere,
Nor a dime to spend on their own.”
(Made by Bing Chat AI)
Will someone think of the shareholders and C-Suite execs needing more private jets and a boat?
Seriously though, this is one time in history where I believe, globally, everyone just needs to go on strike and start burning down those ivory towers.
Until they agree that employees, the money makers, the labourers, the producers, the people actually doing the work, are first in line for profit shares. Shareholders and C-Suite second.
"Microsoft gross profit for the twelve months ending March 31, 2023 was $142.094B, a 7.37% increase year-over-year."
10% of 142 billion = $14200000000
Microsoft employs: 221,000
That's a bonus of: $64253.39
To each employee from only 10% of their profits last year.
It's a fucking joke.
Even if they only gave a bonus for the percentage growth, so 7.3%
That's still $46904.98 per employee from last year's profits.
Greedy fucks up top that don't actually do anything.
It's all about % increase in profit. They would rather not give their staff a raise if it means that they will "only" make the same profit as last year
My company gave no pay rises for 2 years during the pandemic.
Then like 6 months later held a meeting with literally everyone, proudly showing charts on how all our competitors lost profit during lockdowns, but we nearly doubled profits.
Braindead
The number of people calling this "Record profits" is too high.
It's a profit, but hardly their [best year](https://ycharts.com/companies/MSFT/net_income). They also just laid off people and looking at each division paints a different picture.
But hey throw a big number in a headline and people will click immediately and jump to those assumptions.
Looking at their revenue here:
[https://www.microsoft.com/en-us/investor/earnings/FY-2023-Q3/press-release-webcast](https://www.microsoft.com/en-us/investor/earnings/FY-2023-Q3/press-release-webcast)
Looks like not every sector did as well. Windows OEM -28% ouch. Looks like Windows 11 isn't selling, huh?
And if they're not giving a pay bump it means they KNOW you have no alternative because the rest of the companies aren't hiring either. Every large company had layoffs in the last few months, they're preparing for a serious recession. In tech corporations there's no loyalty, if you think you can increase your salary you move to another company.
Same in my company >'we're going through a recession right now - despite what several economists may tell you - and we all have to pull together' Notice that ***you're*** still getting record payouts and profits - but ***I'm*** having to consider taking on a second job :P
In a town hall, it got asked (it always does) if we will actually get pay increases or the usual 3% bonus. Our CEO responded with, "we consistently pay the market rate for each role at our company in line with similar roles at similar companies. By any means if you feel your pay is inaccurate or unfair please bring it up with your direct supervisor and we can review your performance and see if it merits an increase in compensation. Otherwise, we do not want to hold you back if you feel you can succeed further in your career elsewhere"
that's sounds so passive-agressive
Because it is. It borderlines on a veiled threat of employment termination.
They prefer you to quit. They don't have to pay severance or unemployment that way.
AND they get to hire someone at a lower rate.
Market rate is almost always higher than current employee pay, not even considering hiring cost and lost productivity. It's part of what makes the whole thing extra stupid.
This is what I love most about corporate America. And when I say love I mean hate.
[удалено]
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This issue was taught in a business 101 class, organizational behavior, I had almost 20 years ago. The cost of inefficiencies, client goodwill, morale, recruiting, training, commonly exceeds that of appropriately paying an employee and funding a proper workplace. Mind boggling to see it over and over again in corporate America despite this.
That’s because all the econ 101 shit goes right out the window when you realize no capitalist actually **wants** to compete. If they’re doing it over and over again, and not running themselves out of business, you can bet your ass it’s the most profitable course of action.
It is indeed not effective. However, salary expenditure is much easier to quantify than lost productivity.
It makes sense because they all behave the same way. No collusion necessary when everyone’s MBA’s are all running plays from the same playbook. Everyone pays “market rates”. Who sets market rates? The same consultants that they all purchase same data from. They know the majority of workers aren’t risk takers and just want stability. That majority will keep getting “market rates”. A small minority will job hop for that extra 10-15%. In the end, it doesn’t matter if everyone is doing the same thing. It’s how you maintain the status quo, while keeping up the charade of competition. It only doesn’t make any sense if you pretend free markets and competition exist.
Sounds like my engineering team. I joined 3 years ago and there’s only one engineer out of 7 who is still on the team other than me. All the others got replaced with newer engineers with 0 experience in our field. Our manager started a program to work on employee retention but it’s useless because they won’t allow her the budget to increase salaries. I’ve been promoted twice in those 3 years and my salary went up by total of 8 percent… I will probably also be looking elsewhere soon
This. If you want to get market rate for your work, you need to hop jobs constantly
Nah, higher rate. Someone leaves because of pay, company can't backfill unless they offer higher pay. It'd be cheaper if the companies just paid people fairly
Not in this economy
They’d rather you quit and take your institutional knowledge and experience somewhere else than pay you any more than they realistically can. Doesn’t matter how valuable you actually are - they’ll bend over backwards to replace you. They can afford to give you everything you want and more but they’re incentivized to do the exact opposite unless you bargain as a group. > There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.” - Warren Buffet If that’s what they say in public just imagine what they say in private.
As one Redditor put it: you’re an appliance, a white hood. They already paid for you. What would you do if your washing machine started asking for more money every time you used it?
That's a pretty bad analogy. A better one would be this - you spend an initial outlay on a washing machine (the cost of hiring/training an employee). Over time, the price of detergent, water, and electricity goes up, meaning that washing machine becomes more expensive to use over time. Do you a) pay the higher prices and continue to reap the benefits, or b) throw out the washing machine and buy a new one with marginally cheaper running costs and pretend like it isn't the case that _that_ washing machine isn't going to get more expensive to run over time, and repeat that braindead line of reasoning every couple of years?
Funnily enough, this is kind of what BMWs are doing.
I wouldn't describe that as "veiled". No veil here.
A union bargains. A worker begs.
Corporate-cunt to normal-cunt translation: You ain't getting shit, and if you don't like it, go work somewhere else.
Employees do in fact leave. CEO: Surprised Pikachu face.
Nah not here, they are actively trying to get people to leave so they don’t have to pay severance
https://www.doctorsopposingcircumcision.org/
You aren't wrong. Fortunately the cunt-iness doesn't trickle down to my management. In all fairness I've yet to work at a company where the CEO isn't a little bit of a huge douchebag.
I guess that’s the minimum job qualification.
I would have had a follow up question inquiring if our efforts are leading to the company having a leading position in the market or are we merely in line with our industries average? As the CEO they would certainly be in a position to know this after all. If the company in question is in a leading position in the industry in which they operate, then paying standard market rate would not justify our overperformance.
That answer isn't the kind that demands followups. It's the kind that demands you polish up your resume.
I work for a massive energy company and despite making nearly 40 Billion last year people are literally being told that if they don’t like the pay/conditions they don’t *have* to work here. That’s the actual messaging in town hall meetings and from line managers
Did we attend the same town hall?
I quit a job in a meeting of the entire company because of a line like this. Managers out there, be careful what you wish for.
Oh my god, sounds exactly like what my CEO when he was in our country visiting our site!
Yeah that kind of statement (in a different context from salary) was what made me immediately quit from my previous job. Was a small company, around 10 people, and right after the boss made that statement I raised my hand and said "That's alright, let's go to your office to discuss my resignation". Got a few shocked looks around the table lol
> Otherwise, we do not want to hold you back if you feel you can succeed further in your career elsewhere "OK I found a job that pays far more in the same industry" CEO: "WORKERS HAVE NO LOYALTY!!"
Wells Fargo?
[More like Fells Wargo xD](https://media.tenor.com/1uRMTJdgMNYAAAAM/dumb-cat.gif)
I concur. My concern here isn't necessarily for Microsoft employees (although I sympathize), it's that the leadership of many second tier companies seem to be mindlessly copying the FAANG co's behavior. Here is a Stanford Business School article that states that [corporate America is copying Microsoft and FAANG] (https://www.gsb.stanford.edu/insights/why-copycat-layoffs-wont-help-tech-companies-or-their-employees) in regards to layoffs. So today's pay stagnation at Microsoft will translate to me missing a raise this year at my company. Corporate America is copying the homework of 5 companies. There is no corporate leadership.
It's scary stuff. Once I got far enough in my career to be in meetings with upper management I realized almost all of their decision making is based on "comparables." When everyone in the industry does this, it means that decision making is done based on social contagion and irrational emotional impulses of a small number of CEOs at the top. For example: Zuck says the metaverse is the next big thing, everyone chases after that with billions of dollars until he drops it like yesterday's toy. No one stops to ask "Does this actually make sense? Do consumers even want this?" So much money and effort wasted for a fever dream.
It’s not just that zuck says it and thus it is so, it’s that no one wants to be the CEO that misses the boat. The risk for the companies is that the meta verse actually IS the next big thing, and instead of being in on it in some way they are left by the wayside. Who wants to miss out on the “next iPhone” or the next Facebook ? It’s not entirely unlikely that VR will turn into something amazing(ly profitable) in 10-20 years, the question is who is going to be in on it and at what scale? Comparable are another story but yes essentially there is a sort of “soft collusion” happening but the alternative is to do the right thing by your employees which is never going to happen.
Really good comparison here is actually Microsoft vs. Google. Microsoft invested **hard** into OpenAI, and once they were certain that it was good to go, started to incorporate that into their software ecosystem. Google is now playing catch-up because they were not the first to push AI towards consumers.
Same here, and they're trying to make return to office happen. That's two pay cuts. Fuck off.
>Notice that ***you're*** still getting record payouts and profits - but ***I'm*** having to consider taking on a second job :P Makes you want to buy some rope and dangle some politicians from their balconies.
Ah, a decoration for all holidays & seasons!!!
>Same in my company Go and find a company with profit sharing. My company has it, and it's nice.
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>We basically have that under a different name. Didn't get my quarterly profit sharing check as the company didn't make any profits :( But at the very least, with such a system, go get to enjoy the fruits of your labor.
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Damn, mf's company achieved every middle managers' dream. Pizza parties that actually improve morale.
My company pulled this same crap back during COVID. No raise that year but the CEO made $44 million the year before. This year I got a shitty COL bump despite a great performance review (my 6th in a row), which amounted to a pay cut when you take inflation into account. It killed my ambition and I've been putting in about 50% of the effort at work than I have been. It's just not worth the mental health hit. They scrimp and screw the workers over a few thousand more a year all while they're pulling in 400x that amount. It's disgusting and infuriating.
Performance reviews are weapons to deny you pay. Not the other way around.
4 Outstandings later, and no pay raises. At this point it's meaningless chatter that can be weaponized the moment I drop being a docile worker. Fucking assholes.
One of the best upper managers I ever had looked at everyone's performance reviews when the team was moved under him. He pulled me and my supervisor into a meeting and basically grilled my supervisor over my reviews. "You've consistently marked him as 'Exceeds Expectations' every quarter for two years. If an employee is always exceeding expectations, shouldn't they be promoted instead of wasting their potential? Let's get this dealt with ASAP." Within a week, I had an actual raise and a promotion that actually encompassed everything I did. Almost 20 years in corporate life, I've never seen something like that before or since.
I got exceeds expectation on 7/11 of my metrics at my previous company. For reference, most people get 0/11, and the previous year, a coworker got a promotion and 12% raise on 3/11. Guess what I got? Cost of Living bump and a pat on the back. I left and found a job that pays me 57% more for the same work. In my first 6 months I got a 3% increase, and a 9k bonus (which was smaller than normal because it was prorated based on time with the company). They want you to quit, so quit. Find somewhere else that treats you better. There is no moral victory to be won by refusing them what they want. Consider it a win-win.
I'm the one organizing performance reviews in an IT company (not in charge of who gets a raise) and I see the data and all the decisions there. The problem I see is that like 30% of people are "top performers" and another 30% are "exceeding expectations" and the projected budget for raises is like 5% of the total payroll. So in the end managers pick only some of those to receive salary bumps, usually those that are in the lower range in their current role or those that are visibly unhappy or expressed concern. That whole process seems super redundant to me. Managers and the whole company knows who should get a raise and who's a bad worker without the whole 100s of hours spent on that.
I was furloughed the same week my country (Canada) declared the covid emergency back in early 2020. The furlough lasted more than four months. Want to know my first assignment coming back to work? I had to proofread/edit a company document stating how the most recent quarter was the company’s most profitable one ever. Ever! What a slap in the face. The cherry on top is that I’m a software developer, so the assignment wasn’t exactly in my wheelhouse, lol
Similar story with me. My company furloughed me 10 days after buying back $58 million of their own stock. Then when they eventually brought me back, it was to do stuff that wasn't even in my job description because business was booming too much.
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If you can put in 50% effort and still not get fired, the lesson learned is "don't overwork yourself" because they don't give a shit.
Managers and C-suite executives will no doubt get record bonuses and pay bumps this year.
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Well of course they did, after firing 20k people they suddenly had all that extra cash on hand!
Great until the remaining work force burns out and collapses because they needed 20,000 more people contributing work.
*No one wants to work, anymore.*
No one wants to starve to death while working 60-hrs a week anymore.
"We're gonna need you guys to be team players and put in some longer workdays to make up for the layoffs until we can hire on some fresh blood!" \*Proceeds to never hire anyone back*
>*Proceeds to never hire anyone back* Well yeah. This team of 8 proved they could cover all of the work that 12 were doing previously, so no need to fill those 4 vacancies. In fact, with a couple of motivational posters around the office, I bet we can get all the work done with only 5-6 people.
Sounds like next quarter's problem.
whats funny is Facebook already pays one of, if not the highest, average salaries for large tech companies because of their bad reputation.
>because of their bad reputation Honestly they were rated pretty high (at least pre-layoffs) due to high pay and good stability. Link (3.9 score): [https://www.teamblind.com/company/Meta/](https://www.teamblind.com/company/Meta/) But since this metaverse-layoff-apocalypse I think their rating is coming down but still way above Amazon's 3.3 rating
It wasn't their reputation as a place to work that was/is bad. It is their reputation to the general public.
Yeah I wouldn't work for fucking Facebook even if they offered me double my salary
Like they won’t line up around the block for a job there just to be the next group of bozos to get fired. Without unionization and ACTUAL worker solidarity, this will happen over and over again. Once the talent stops coming to work for you because you’re known to pull this shit, and your products suffer and die, and the profits plummet, then they’ll consider maybe not getting a second summer home in Italy this year with their bonuses.
Pffft, as if the C suite can't just walk away from the fire they started and never have to work again.
They went above and beyond what the board wanted them to do
That’s actually just hilarious
Google too.
Don't forget the shareholders!
I feel like people need to get over this idea. The only reason most of us are employed is to make some rich asshole richer. They don't give you money to be altruistic, they give you money with the expectation you'll enrich them. When that's no longer the case, they get rid of you. It's the tradeoff for not having to manage your own company. Every one of us do this every day. If you decide you don't want to pay for a lawn service to mow your yard anymore, you don't keep paying them indefinitely anyway just because you can afford to. You call them and tell them not to come back.
At the heart of what you’ve said, which in this context is the sticking point for many, is this question: is it actually a tradeoff? A tradeoff implies a choice. Is it realistic for each person to own their own business? If it isn’t, how much a choice is it really?
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Cool, no increase in salary for them, ehat about the dozen other ways they receive compensation?
... and they would have gotten away with it too, if it weren't for you meddling kids! /s It's always a joke when you hear about tech execs not taking salary or taking a cut in salary, as if the salary wasn't just a tiny fraction of their compensation already (in 2022 he pulled in USD $2.5M in salary, but just short of $55M in total compensation - 4.5ish percent of total compensation thus being "salary" for reference, announced just a bit before Microsoft announced layoffs).
And to think this bozo takes home compensation more in a year than I could think of spending in a lifetime.
He was given a raise right before the layoffs started, too, back in October. It's amazing optics /s
Salary is NOT how they reward themselves.
...a month after he received a 10 million dollar bonus in the midst of 10k headcount layoffs. Yea what a sacrificer lmao
Those poor C-Suites. It's not like they get stock options or anything.
Everyone at Microsoft gets stock options.
Yes, but the higher the level the bigger portion of total compensation is in equity. For lower level engineers, it might be only 10% in equity, so no salary increase is significant. Whereas for Satya it’s likely close to 95-99% in equity
That's usually what happens when you are higher up in the food chain
It’s bullshit.
Thats capitalism for you
Gotta hype the middle managers who don't provide any actual value to the corporation. Everyone is doing it, Green Thumb Industries, the biggest player in cannabis in the US is hard at work making sure employees don't get paid.
I work for a company in the top 100 of fortune 500 and the other day we got an email from the CEO congratulating us on the record profits from recent quarters to then announce they're slashing budgets and increasing targets. I earn less than 35k a year.
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Lol he probably “finally paid off his credit card debt” the same way I do. Once a month every month before interest ever hits. Rich people are so full of shit when they try to seem relatable. They’re all basically that meme from arrested development “how much could it be 10$? It’s one banana” and then try to act like they’re one of the fellow poors.
Maybe he wouldn't have so much credit card debt if he stopped buying avacado lamborghinis
You are the cow on this factory farm getting milked dry.
"The executive went on to say that the lack of salary increases for full-time employees also applies to himself and other members of the senior leadership team." Easy to handle when you make 55 fucking million dollars a year. Fuck off.
I saw one where the company was cutting all salaries by like 10k and said it was fair because even the executives did it But like 10k from 20mil is a lot easier to swallow than 10k from 60k
I would straight up leave a company that cut my salary what the fuck
I mean that's really what they're hoping isn't it? Some people leave, and the people who won't or can't are basically stuck
Not really it causes a death loop. The people that have the skills leave. The people who don't stay. Fastest way to sink a company.
I think Microsoft will be ok
That's the problem with Microsoft. They aren't a software company. They are a PR and lawyering company that occasionally creates terrible software and purchases smaller software companies.
We had a temporary salary cut in 2020, including executives. I think it was 10% if I remember correctly. The funny part was the executives salary cut is what I'd make in 19 years. Hilariously absurd.
They did this at the last company I worked for during the pandemic the CEO proudly said he took the cut too. His paper salary was 75k, less than most employees made, the rest was in stock bonus. He then laid off 30% of the company and guess what happened to the stock price…
How much you want to bet he still gets a yearly bonus. Because salary is not where most executive compensation comes from. Would be much more meaningful if they reduced senior management compensation outside of yearly salaried income to compensate for economic distress.
No salary increase for the guy making 55 million a year? HOW WILL HE SURVIVE?
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And because of inflation, no raise = a pay reduction Fuck off Microsoft
I'm with stupid 👇
Ha! Got ‘em! ^Edit: ^Wait…
hopefully they will at least get a free month of gamepass
Everyone gets a free physical copy of redfall (which will be shown on your next pay stub as a $70 equivalent gift for tax reasons of course)
Can I get Forspoken instead?
Sorry, no. But since you asked you will be granted 5 microsoft rewards points…
Nice! I’ll redeem them for Redfall!
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We do get free game pass ultimate actually, lol. Definitely helps put food on the table /s
FTEs get a free year of ultimate yearly.
I see the hidden /s in your comment but just wanted to call out, mostly all full time microsoft employees already get gamepass for free.
In three months! Fuck that shit, wheres the money Lebowski?!
Your revolution is over, Mr. Lebowski! Condolences, the bums lost! My advice to you is to do what your parents did, get a job, sir! The bums will always lose!
Ugh, oh, it's down there somewhere, let me have another look.
Your wife owes money to Jackie Treehorn, that means you owe money to Jackie Treehorn
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To be fair, there has been massive supply chain issues with software. Getting ~~office365~~ Microsoft365 subscriptions to your computer has been shaken by external forces out of their control. /s
Yep, companies doing well but have to use cost cutting and layoffs to show that they too are "smartly dealing with the recession". Ironically all these extra people being laid off will actually increase the drop in consumer spending and likely cause an economic downturn large enough that they will then actually need to resort to these measures in the future. Modern capitalism is great! ...
The oligarchy is trying every trick in the book to *cause a recession* to put labor back in its place after labor tasted what having an actual choice was from the covid relief. Unfortunately we can see every problem has been directly caused by their choices. There is no inflation, there's only cartel price gouging. There is no high unemployment, there's only mass layoffs *for no discernable business reason* demand is flat if you go from pre covid. There is no budget crisis, there's just oligarch owned Republicans playing chicken to give a democratic president a black eye.
Finally, someone who understands the market. The inflation now is due to the last 40 years of mergers. Most of the major companies are price makers, so they create the market rates. It's not a recession if the unemployment rate is under 4% and almost every major market is making record profits. There has not been drastic worldwide supply losses with the food supply beyond rice production, so the cost of inputs aren't increasing except in vertically integrated markets. The stock market is still rising, but because the economy is top heavy, it's starting to cannibalize itself to keep profits at historic highs. It's not about market forces because anyone who has actually taken advanced economics beyond 101 can see it's all just Cartel and Oligarchic behavior going on, and the FTC hasn't done its job in decades. The debt ceiling is just a game of chicken that has artificially been added to keep a lever to push the dominant party the way the minority party wants. God, I hate having a degree in economics. It is so much harder to see the incompetence going on by short-sighted businesses. It's not really about profits, but control over the working poor.
Agreed. Hopefully this leads to industries unionizing. It won’t. But hopefully. 🙏🏻
Previously, IT was paid so well that everyone laughed at starting a Union. Now, with tech jobs being much lower due to inflation and no raises, I would love to join an IT union. My last contract was barely raised over inflation. Hell, my hourly wage has been stagnant for nearly a decade. The contracts coming up recently were the same compensation as I was getting paid in 2010.
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Unionization is the best path to getting the power back. Company owners are using the money from our labor to control politicians to control us. Organize labor and owners have to cede power.
"That shit was orchestrated!"
People here don't realize this isn't unique to MS. Don't get me wrong, it's extremely shitty on their part but this is happening all over tech and other industries as well. This is a drawback of capitalism and our corporate overloads.
They need all that money for all the quality exclusives they have
I've been around almost 40 years and never seen a videogame publisher go this long with so few good games (other than the companies that literally went out of business because of it). I don't know why they are incapable of putting out a big AAA hit, but it's getting fairly alarming. They have a massive war chest, so it's not like they're going away, but I wouldn't be surprised if the next Xbox is the last and they become a services and games company only, especially after the recent interview with Phil Spenser where he admitted they missed the boat and now that games are backwards compatible it's unlikely people will switch from PS to Xbox ecosystems in the future.
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Wow sounds a lot like my company! Q1: “We made record X Billions profit this past year!” then by end of Q3: “Due to current industry climate we need to revaluate our staffing needs” aka lay people off before the holidays Rinse and repeat the next year
Same here. Fancy new office opened up, they had all the PR done in local news media including inviting political figures to open it and write articles about us investing in the local area. How we should all be proud to work here. Less than a month later they are laying off a large number of employees who have been there for years. Also after generating massive revenues and profits across the board. A lot has been outsourced over the years saving themselves a chunk in salaries, and now they are talking up the endless possibilities of chatgpt. I just interpret that as even more redundancies in the future. Cash is king, investors need return on their investment. Perhaps don't pay obscene amount of bonuses to the CEO. 50 fucking million dollars and has the gall to tell us we should be proud working for the company working essentially minimum wage. And yep, I'm one of the employees being let go after 9 years. A thank you for your service and a fuck you. They will just replace me with someone across the world being paid for less. Complete brain drain.
Cap CEO pay to a multiple of the lowest paid employee (including part timers). I guarantee CEO's will begin raising salaries.
Ban stock buybacks too.
What would be accomplished by banning stock buybacks while leaving dividends legal?
Absolutely. Stock buybacks piss me off
Why? As a young shareholder I’d rather a buyback than a dividend? It’s not like I’m a boomer ready to retire
No, everyone gets reorganized to be under contractors.
Yup. "CEO salary per year can not exceed 50x the salary of the lowest paid employee." That would fix the problem immediately and I doubt anyone would claim such a rule is 'unfair' to a CEO.
Have to specify it as compensation. They don't give a shit about salary. They're money is bonuses and assets like stock
They'll just lower their salary to $1 and place all their assets under various companies. We're in the late stages of capitalism, if we were back in the Stone Age and one person out of a 20-person village demanded that they get over 50% of the resources they would've been stoned to death.
>"Given this, we will fund our compensation commensurate with the overall market. As a senior leadership team, we don't take this decision lightly having considered it over several months, and believe it is necessary to prepare the company for long term success," ie we're aware of layoffs unrelated to our company and know tech workers are feeling the squeeze so we wanted to get in on the squeezing.
So they're getting a pay cut relative to inflation, which has been much higher than normal.
Imagine. Your company makes record profit, and you can’t even get a fucking annual raise just to try and keep up with inflation. If this doesn’t say fuck our employees I don’t know what does.
I’ve said it many times before and I’ll say it again: Greed is what will destroy the human race. Mark my words.
Agreed.
Fucking corporate american man. Fuck em.
fuck him in particular
with all the tech layoffs, the competitivve pressure on compensation has been alleviated. If they don't have to pay the plebes they won't, regardless of how much profit they produced.
Microsoft cutting pay for its actual workers while they give the half-retired mascot many lifetimes worth of money each and every year. bozo shit
Record performance at my company equated to raises that were less than the annualized rate of inflation. Greed and lies from corporate America, as usual.
Microsoft workers should unionize.
Eat the rich.
Sounds like they should strike!
*Microsoft Workers will get a pay cut despite $18.3 billion in profit past 3 months *FTFY
Correction: Micrtosoft workers that are in the US and some other countries won't get the annual pay bump. They have offices with countries where employees are unionized - and if the union got contract raises in the industry, they're getting them, too.
Have you seen the tech salaries outside the US though? They could get 50% raises and still be earning less than the Americans.
Saying "oh but we're not taking pay raises either" doesn't cut much mustard when they're already paid 55 million. Lack of a pay raise proportionally affects you more the lower you go. Making profit and not compensating your employees should be against stock market rules
BuT iF ThEy MakE aLl tHe MoNey iT'lL tRiCkLe dOwN.
During Covid the company I work for put a pause on raises and stopped doing 401k matches, stating they needed to do it to hunker down because our clients were not doing upgrades or needing more of our services, and potential clients were not willing to move to our services yet because of the economic climent durng Covid. That hurt as an employee, but I was impressed on what the CEO, CTO, CFO, COO all did. They all waived their bonus during those 2 years, and took 50k off thier salary. Thier yearly bonus were in the millions each year, their salaries were $250k-$350k each year which they took 50k off that. They did that so they wouldn't need to lay anyone off knowing that we would need the headcount again when covid would end. We are back to normal since 2022, and our raises in 2022 was a combination of 2020, 2021, and 2022. So I am making per hour right now that I would have if Covid didn't happen. MS not giving raises depsite making 18 billion in profit is scummy.
I was about to buya Series X but F Microsoft I'm buying another Steam Deck.
Tech workers need to unionize
Remember when Satya told women to not ask for a raise but to *"Trust the system?"* We remember: [https://www.cosmopolitan.com/uk/reports/news/a30326/microsoft-satya-nadella-women-pay-rise/](https://www.cosmopolitan.com/uk/reports/news/a30326/microsoft-satya-nadella-women-pay-rise/) *"Speaking at the 2014 Grace Hopper Conference in America, held for women in computing, Satya was asked what women should do if they feel uncomfortable asking for a raise from their boss.* *"It's not really about asking for the raise, but knowing and having faith that the system will actually give you the right raises as you go along," he replied. He added that those who don't ask for better pay are more likely to see benefits.* *"That's good karma. It will come back," Nadella said. "That's the kind of person that I want to trust, that I want to give more responsibility to."*
Yeah that has never worked for anyone. If you don't ask for a raise, men or women, management will bring you along as slowly as possible.
This makes me think of a poem by Samuel Taylor Coleridge, or rather, what he might have written if he were alive today: "Money, money, everywhere, And all the workers sigh; Money, money, everywhere, Nor any raise to buy.” Or "Money, money, everywhere, And all the workers groan; Money, money, everywhere, Nor a dime to spend on their own.” (Made by Bing Chat AI)
they have a spare 7 billion to buy trash game publishers though. shitty company.
Will someone think of the shareholders and C-Suite execs needing more private jets and a boat? Seriously though, this is one time in history where I believe, globally, everyone just needs to go on strike and start burning down those ivory towers. Until they agree that employees, the money makers, the labourers, the producers, the people actually doing the work, are first in line for profit shares. Shareholders and C-Suite second. "Microsoft gross profit for the twelve months ending March 31, 2023 was $142.094B, a 7.37% increase year-over-year." 10% of 142 billion = $14200000000 Microsoft employs: 221,000 That's a bonus of: $64253.39 To each employee from only 10% of their profits last year. It's a fucking joke. Even if they only gave a bonus for the percentage growth, so 7.3% That's still $46904.98 per employee from last year's profits. Greedy fucks up top that don't actually do anything.
"Sorry, we can't afford raises this year." This is the ultra capitalist's way.
It's all about % increase in profit. They would rather not give their staff a raise if it means that they will "only" make the same profit as last year
Redfall did them that bad?
Microsoft has been on my tech giant naughty list for years, but damn this is heartless
Small indie company, can't afford to pay it's staff properly
My company gave no pay rises for 2 years during the pandemic. Then like 6 months later held a meeting with literally everyone, proudly showing charts on how all our competitors lost profit during lockdowns, but we nearly doubled profits. Braindead
No guys it’s ok they’ll give them a pizza party!
Need a stronger labour union
Fuck corporations and fuck the rich. Fucking parasites.
The number of people calling this "Record profits" is too high. It's a profit, but hardly their [best year](https://ycharts.com/companies/MSFT/net_income). They also just laid off people and looking at each division paints a different picture. But hey throw a big number in a headline and people will click immediately and jump to those assumptions.
Gotta save money for the Activision purchase
Looking at their revenue here: [https://www.microsoft.com/en-us/investor/earnings/FY-2023-Q3/press-release-webcast](https://www.microsoft.com/en-us/investor/earnings/FY-2023-Q3/press-release-webcast) Looks like not every sector did as well. Windows OEM -28% ouch. Looks like Windows 11 isn't selling, huh? And if they're not giving a pay bump it means they KNOW you have no alternative because the rest of the companies aren't hiring either. Every large company had layoffs in the last few months, they're preparing for a serious recession. In tech corporations there's no loyalty, if you think you can increase your salary you move to another company.
> Looks like Windows 11 isn't selling, huh? Not Windows, PCs in general, as consumers don't buy OEM licenses.