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Microsoft Freezes Salaries for 2023
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Re: Microsoft Freezes Salaries for 2023
#32HN comments about profits, CEOs, share holders and executives are increasingly resembling twitter takes.
Re: Microsoft Freezes Salaries for 2023
#33Correct headline: Microsoft cuts salaries for 2023. Even in a good economy inflation and cost of living increases are a thing.
I never understood the idea that salaries should be expected to always be corrected for inflation, and that not doing so is somehow secretly a "salary cut". Salaries are driven by supply and demand, and individual companies (maybe not Microsoft though) can generally only afford to raise them by a given amount. If that amount is less than inflation then that's that, right? Most companies (again, maybe not Microsoft though) can't just conjure up more money out of thin air, that's not how businesses work.
Re: Microsoft Freezes Salaries for 2023
#34Re: Microsoft Freezes Salaries for 2023
#35Perhaps its a false dichotomy, but I'll take a pay freeze/cut over a layoff any day.
I don't necessarily disagree, but fundamentally I think this will lead to "anyone who can find a higher-paying job will find a higher paying job."
Part of what's enticing about these "blue-chip" megatech corporations like Microsoft or Apple is that they pay good salaries. Most work at these companies is not interesting (at least it wasn't at Apple), but you stay because the pay is good.
If the pay is shit, I'll take interesting work at a startup, or I'll find a place that does pay well (like Wall Street).
Re: Microsoft Freezes Salaries for 2023
#36HN comments about profits, CEOs, share holders and executives are increasingly resembling twitter takes.
Basically.
Profiters of stocks are evil, and take advantage of the poor developers!!
Why don't you own stock then, it's public?
ANGER
Re: Microsoft Freezes Salaries for 2023
#37Re: Microsoft Freezes Salaries for 2023
#38Re: Microsoft Freezes Salaries for 2023
#39Earlier quoted context omitted.
The deflation has begun, if you look at M2 money supply. But food is not going to decrease in price, and housing will lag. So it'll still feel like inflation, but consumer goods are already going down.
What? They just reported 4.9% inflation this morning.
2nd deriv is negative and we're likely to overshoot, hence, the decision and article about it
Re: Microsoft Freezes Salaries for 2023
#40Wondering how long it’ll take for other tech companies to copy this move and pretend that they independently arrived at these conclusions after their meticulous macroeconomic analysis.
Is it not better/preferable to freeze salaries than to cut more staff? From a morale PoV, from a human PoV, except maybe not from an individual PoV, overall.