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Microsoft Freezes Salaries for 2023

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Re: Microsoft Freezes Salaries for 2023

#311

Post by tombert »

doctor_eval wrote: post #301
tombert wrote: post #297

Earlier quoted context omitted.

Not really. If the CEO was in charge of the direction of the company, and that direction was so bad that they have to make major layoffs and cuts, then they shouldn't be rewarded for this. This isn't a fucking game. These are human lives. Microsoft laid off 10,000 humans [1] because their idiotic CEO decided it would be a really good idea to overhire like crazy in 2021 and 2022. This was the wrong decision and now th…

I agree wholeheartedly with every point you make, except this: > This isn't a fucking game That is *exactly* what it is to these people, and I don't doubt that they make use of game theory to make some of these decisions. Until the rules of the game change, nothing will.

I mean, it's not a game, these idiots in charge are just treating it like one.

Re: Microsoft Freezes Salaries for 2023

#312

Post by djha-skin »

king_magic wrote: post #271

Pretty impossible to respect a CEO that takes a 10% bump but cuts off raises for everyone else. Honestly, just disgusting.

This is unfortunately Misjournalism. The article states that the CEO took a 10% raise last year. The article further states that that employees up and down the whole company were getting huge raises last year in an effort to increase the company's approval rating with its own employees. He got a huge raise last year because lots of people got a huge raise last year.

Presumably then he won't get a raise this year along with the other employees as well.

Re: Microsoft Freezes Salaries for 2023

#313

Post by ericmcer »

Firmwarrior wrote: post #308

Man oh man. Microsoft really just has no interest in keeping motivated and talented people around. The brain drain is going to ramp up even more from here If you're still at MSFT: do yourself a favor and jump ship. It's a good job, but there are even better jobs out there. Just tell the recruiter when you get your new job offer that you've been drinking $5,000 a year's worth of free soda, and you'll need them to matc…

The tech job market is brutal right now, employers aren’t going to flex on their employees unless they can, and they totally can right now.

Re: Microsoft Freezes Salaries for 2023

#314

Post by doctor_eval »

NoPicklez wrote: post #264
byyyy wrote: post #261

Earlier quoted context omitted.

You realize that the stock could've been bought with or without the raise? Buying stock does not magically eliminate the need for a raise.

I don't think they said that. They said that as an employee you can buy the stock and see yourself a slight raise in that regard. If an internal raise isn't on the cards.

Right, but if you got a raise you could buy more stock.

Without a raise, you're worse off whatever you do.

Re: Microsoft Freezes Salaries for 2023

#316

Post by Iwan-Zotow »

diversionfactor wrote: post #66
tombert wrote: post #29

You know, nearly anyone qualified to work at Microsoft (at least as an engineer) is qualified to work for some yuppie Wall Street job paying obscene salaries and bonuses; I think this is going to have the selection bias effect of the people remaining are people who cannot find work elsewhere. If their goal is indirectly lay people off, I really think that they have not thought this through.

Having friends and former colleagues who work in the "yuppie Wall Street job", it doesn't pay the obscene salaries you think it does, even at the major hedge funds and investment banks, even in NYC and Chicago. The number of super-high NFT development jobs is vanishingly tiny. Most jobs at trading and investing firms for developers pay the same or even less than elsewhere. Sure, if you're a Calypso or Endur or Murex…

HFT?

Re: Microsoft Freezes Salaries for 2023

#318

Post by scarface74 »

Firmwarrior wrote: post #308

Man oh man. Microsoft really just has no interest in keeping motivated and talented people around. The brain drain is going to ramp up even more from here If you're still at MSFT: do yourself a favor and jump ship. It's a good job, but there are even better jobs out there. Just tell the recruiter when you get your new job offer that you've been drinking $5,000 a year's worth of free soda, and you'll need them to matc…

Yes and go where? Google, Facebook and Amazon are laying off people and it would be crazy to work for one of the many non profitable private or public tech compabies.

Re: Microsoft Freezes Salaries for 2023

#319

Post by musicale »

tombert wrote: post #297
deanCommie wrote: post #295

Earlier quoted context omitted.

10 Million dollar bump 220,000 microsoft employees Assuming each was in line to get more than a 5$ raise (obviously), the bonus to the CEO MORE than offsets the cost saved to the employees. From a financial perspective, a bonus to the CEO makes perfect sense. Welcome to capitalism.

Not really. If the CEO was in charge of the direction of the company, and that direction was so bad that they have to make major layoffs and cuts, then they shouldn't be rewarded for this. This isn't a fucking game. These are human lives. Microsoft laid off 10,000 humans [1] because their idiotic CEO decided it would be a really good idea to overhire like crazy in 2021 and 2022. This was the wrong decision and now th…

If Microsoft limits changes to Windows and Office to security patches and bug fixes only for 2023, it could pay huge productivity dividends to the entire world.

Re: Microsoft Freezes Salaries for 2023

#320

Post by bluefirebrand »

tombert wrote: post #307
bluefirebrand wrote: post #291

Earlier quoted context omitted.

Does anyone still actually have much respect for executive levels of big corporations? All I ever see is more and more naked greed and talking down to employees as if we are idiots that cannot see through their BS. Like all of the return to office stuff. We all know it's not about "in-person collaboration", but that's the line they think we're most likely to swallow.

I've always thought they were greedy, but one thing that these recent layoffs have really illuminated for me was how utterly stupid these executives are. I guess I had just assumed that Satya Nadella and Sundar Pichai were smart guys...why else would they be in charge of these huge corporations? But then the layoffs happened, and they both gave a big song and dance about how they're "taking responsibility" (whatever…

> why else would they be in charge of these huge corporations?

I think this is the real key.

Why are these people in charge of these huge corporations?

In a world with 8 billion people they cannot be uniquely qualified for those positions, so why them and why not someone else?

Nowadays I always just assume they're someone's buddy.

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