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Microsoft Freezes Salaries for 2023

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Re: Microsoft Freezes Salaries for 2023

#351

Post by 8note »

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…

The money was better than free. Why wouldn't you hire a bunch of people?

Re: Microsoft Freezes Salaries for 2023

#352

Post by Zanni »

iJohnDoe wrote: post #323

$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…

A signal of what? What's your point?

Re: Microsoft Freezes Salaries for 2023

#355

Post by mydogcanpurr »

WalterBright wrote: post #335
whitemary wrote: post #325

Earlier quoted context omitted.

> 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.

> The truth is every single aspect of every employee/employer relationship is political Employees are hired in order to create value for the company. Employees get jobs in order to get paid in exchange for that contributed value. It's not political. It's the Law of Supply & Demand. Employer and employee cooperate for mutual benefit.

> Employees are hired in order to create value for the company. Employees get jobs in order to get paid in exchange for that contributed value.

Lots of tech employees get hired to grow their director's/VP's little fiefdom within a company. Higher interest rates hopefully will reduce this, but it's still prevalent at large tech companies.

> It's not political. It's the Law of Supply & Demand.

I wonder what Adam Smith had to say about market inefficiencies caused by regulatory capture, rent-seeking, and collusion. I'm sure the market will magically fix these inefficiencies without outside regulation.

> Employer and employee cooperate for mutual benefit.

Really? Employers sure do cooperate with each other against employees [1]. I don't want to cooperate with an entity that views me as an adversary.

[1] https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...

Re: Microsoft Freezes Salaries for 2023

#356

Post by tombert »

ano88888 wrote: post #328
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…

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. Is…

I really have no idea what communism has to do with anything so I'll ignore that part.

I'm sure a good percentage of these people quit jobs specifically to work at Microsoft. When they quit those jobs, their employer probably filled that position. Then Microsoft fired those people, and it's likely that a lot of people were unable to go back to their previous positions.

This isn't even taking to account people who moved to Washington or California to work at Microsoft, who sold their homes to move to a place with a substantially higher cost of living.

Re: Microsoft Freezes Salaries for 2023

#357

Post by 8note »

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…

The laid off people did great while they were employed when they wouldn't have been otherwise.

Getting and extra 100k is real beneficial for each of those 10k people.

If those 10k people took big risks, that's a problem with their own risk management, rather than microsoft's

Re: Microsoft Freezes Salaries for 2023

#359

Post by phendrenad2 »

The tech bubble implosion has a long way to go before things stabilize. Companies will go through hiring sprees and freezes all the way down. I feel sorry for fresh computer science graduates, or those with only a few years of experience, who were left "holding the bag" after the rest of us enjoyed two decades of plush tech jobs, pushing pixels around a webpage for money. We just have a supply/demand problem now. There's too much supply. Many will re-tool in some other field (pharmacy tech is looking pretty good right now), and many who stay will have to take a pay cut and/or work harder.

Re: Microsoft Freezes Salaries for 2023

#360

Post by bloodyplonker22 »

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…

In China, during Mao Zedong's era, factory workers would laugh at and scorn other workers who worked harder than others. This is the direction that Microsoft is headed with their policies.
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