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Microsoft Freezes Salaries for 2023

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Re: Microsoft Freezes Salaries for 2023

#321

Post by Firmwarrior »

ericmcer wrote: post #313
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.

It's not as bad as you'd think, especially for someone with a big name like Microsoft on their resume

Satya and his pals in the C-suite are relying on naïveté, since they know most of their employees are busy working diligently instead of weaseling up job offers all the time

Re: Microsoft Freezes Salaries for 2023

#322

Post by BLanen »

cat_plus_plus wrote: post #305

Even the biggest corporate CEOs get confused by socialist talk and end up recreating some of socialist inefficiencies in their own companies. Why would I invest exceptional effort or take risk working on far fetched projects if exceptional success in terms of market share or profits will not be rewarded? If I am good, I can work 6 hours a day and still be the most productive employee on the team. How does one-fit-all…

Socialism is when capitalism does its usual thing?

Re: Microsoft Freezes Salaries for 2023

#323

Post by iJohnDoe »

$18.3B in profit is pretty amazing by anyone’s standard. Especially with no pay bumps following.

20-30 years from now this will be used as a reference in history as an indication of how completely fucked up the world’s economy was at this time in history. It’s a signal. It’s a warning. It’s a sign of where we are heading. Only time will allow it to unfold. The typical naysayers can only be proven wrong with time and then they will look foolish. They just don’t know it yet.

Re: Microsoft Freezes Salaries for 2023

#324

Post by scarface74 »

lumost wrote: post #306
paulpauper wrote: post #302

For the quarter that ended on March 31, Microsoft posted revenue of $52.9 billion (up 7%) and a profit of $18.3 billion (up 9%). Microsoft had $26.5 billion in cash and equivalents as of March 31. Despite the rosy results, Microsoft employees are not getting pay increases. Nadella's own pay increased 10% from 2021 to 2022, rising to $55 million. This comes off as shortsighted. If I wanted to optimize value, I would o…

The economy is unstable, meaning we may only make 5% more profit next year. Layoffs and pay freezes will continue. There are two ways this pans out. Either big tech is bloated, and wages will fall over time - or current big-techs will flounder as smaller firms out compete them. This happened to HP/IBM and others, why would Google or Microsoft be immune?

So where are these smaller firms and where will they get funding in the current market?

In the case of MS, is a smaller firm going to overtake Windows? Azure? Office? Are the smaller firms going to win over the risk averse enterprise companies with long term contracts with Microsoft?

In the case of Google, is some smaller firm going to take over Search? The massive amount of resources to run YouTube? GCP? Google Suite? ChromeOS in schools?

Re: Microsoft Freezes Salaries for 2023

#325

Post by whitemary »

paulpauper wrote: post #302

For the quarter that ended on March 31, Microsoft posted revenue of $52.9 billion (up 7%) and a profit of $18.3 billion (up 9%). Microsoft had $26.5 billion in cash and equivalents as of March 31. Despite the rosy results, Microsoft employees are not getting pay increases. Nadella's own pay increased 10% from 2021 to 2022, rising to $55 million. This comes off as shortsighted. If I wanted to optimize value, I would o…

> It's not even a political issue. Just a matter of decency and fairness.

That's precisely what they want you to keep believing.

The truth is every single aspect of every employee/employer relationship is political, and always has been. If you don't accept it, your children won't have a choice to.

Re: Microsoft Freezes Salaries for 2023

#326

Post by gigatexal »

lumost wrote: post #306
paulpauper wrote: post #302

For the quarter that ended on March 31, Microsoft posted revenue of $52.9 billion (up 7%) and a profit of $18.3 billion (up 9%). Microsoft had $26.5 billion in cash and equivalents as of March 31. Despite the rosy results, Microsoft employees are not getting pay increases. Nadella's own pay increased 10% from 2021 to 2022, rising to $55 million. This comes off as shortsighted. If I wanted to optimize value, I would o…

The economy is unstable, meaning we may only make 5% more profit next year. Layoffs and pay freezes will continue. There are two ways this pans out. Either big tech is bloated, and wages will fall over time - or current big-techs will flounder as smaller firms out compete them. This happened to HP/IBM and others, why would Google or Microsoft be immune?

Right. But paying people and keeping your best talent there is a business concern I thought they’d be about. Guess not. Folks will vest shares and just leave me thinks. It shows they don’t care about their people. It’s unlikely that doing even the normal raises would jeopardize the company financially. Not in the least. So… and yet Nadella gets a big raise. Why? If he’s meeting his goals it’s only because his employees helped get the company there.

Re: Microsoft Freezes Salaries for 2023

#327

Post by pacaro »

Firmwarrior wrote: post #321
ericmcer wrote: post #313

Earlier quoted context omitted.

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.

It's not as bad as you'd think, especially for someone with a big name like Microsoft on their resume Satya and his pals in the C-suite are relying on naïveté, since they know most of their employees are busy working diligently instead of weaseling up job offers all the time

It doesn't matter either way, people have long enough memories, there will be an exodus when the job market picks up too. MS did the same thing twice while I was there (99–13)

It's a good thing. It helps remind people that the company is not a person, it doesn't repay loyalty with loyalty. Your income is the bottom line of how you are valued, they've chosen to send a message to remind you of this

Re: Microsoft Freezes Salaries for 2023

#328

Post by ano88888 »

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…

it is a dangerous simple view and it is why communisum brought so much sufferings because in the real world, it is not that simple though. let's go along with your view. EVERY CEO from EVERY COMPANY must optimize for not hiring more than they think they need. The result would be that there would be much fewer jobs available in the market. Some of the 10000 humans would never get a good paying job in 2021 and 2022. Isn't it a worse outcome for these 10000 human beings?

Re: Microsoft Freezes Salaries for 2023

#329

Post by thekashifmalik »

I don't understand the framing here; isn't salary dependent on job competition in the market (one which is currently full of layoffs) and has little to do with company profts?

Bonuses are what are usually tied to company performance.

I'm simplifying, of course, but trying to understand the issue.

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