Yet another attempt at an industry-wide attempt to limit and drive down salaries.
Keep doing it. What goes down, goes up. And we won't forget.
You need us more than we need you.
Microsoft Freezes Salaries for 2023
371–380 of 597 posts
Re: Microsoft Freezes Salaries for 2023
#372I 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.
> I'm simplifying, of course, but trying to understand the issue.
The issue is that media, just like you and me and MSFT, need to make money. Therefore the framing here.
Re: Microsoft Freezes Salaries for 2023
#373In year of fairly high inflation this is a big deal and I don't suggest it will go down well. To be a bit cynically Machiavellian ... 'any' kind of raise would have allowed them to at least avoid the 'no raise' kind of language. This feels like a short sighted tactic - the economy is doing 'well enough' and MS is definitely forward looking at this point, this is going to be a bit of subtle 'sand in the gears'.
Where are these employees going to go?
Who says they are going anywhere? What if work quality just drops?
Re: Microsoft Freezes Salaries for 2023
#374Do people really give a shit about this?
Let me put it this way, would you rather have joined at Meta a couple years ago where you got small raises or MSFT where you didn't? Hint: Stock price is way better for people who picked MSFT.
Re: Microsoft Freezes Salaries for 2023
#375Earlier quoted context omitted.
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 mov…
Okay. So to go along with your assummptions. Their old employer filled their old positions. It means another group of people who filled their positions benefited (lets call them group B). group B moved up the career chain. It is annoying that group A needs to find jobs again. But we can assume that group A can find better jobs compared to group B. Overall, it is actually better for society that group B has an oppourtunity to move up their career ladder to fill up the previous job of group A. And then group C will be able to fill the previous jobs of group B. It brings down our society wealth gap.
Re: Microsoft Freezes Salaries for 2023
#376Earlier 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…
> It shouldn't require a 10,000 IQ to think that maybe hiring thousands of more people than you actually need is a bad idea, and if they couldn't see shit like this coming, then what value are they actually bringing to company? Vague truisms and platitudes about how they regret having to uproot peoples' lives?
In what world was it a bad idea for them to hire thousands of people and then fire them? Laying someone off saves tons of costs, and in the meantime, you prevent your competition from utilising those resources. Literally a win-win for them. I say this as someone laid off. I don't understand how this whole trope of 'lay offs are bad for the company that did the laying off' has taken over.
It makes 100% of sense to hire and fire if your competitors are doing it, and you have the money. Microsoft is not suddenly going out of business here.
That's why, as an employee, it's smart to work towards financial independence and just not quite give a whole lot of you know whats. Like when my former boss told me layoffs were expected, that was just a signal that I was going to have way more time to go skiing, which we did.
The main reason so many employees feel like suckers is because they are not as ruthless as their ceos. I changed jobs during the pandemic with the express purpose of maximizing compensation. I made way too much for those years, and when I got laid off, I got free unemployment, free medical, and a free sabbatical. The only ones who were suckers were those who gave their companies loyalty and got laid off anyway. Stop doing that.
Re: Microsoft Freezes Salaries for 2023
#377Earlier quoted context omitted.
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 mov…
You're really downplaying the agency of people who accepted these jobs and their own risk analyses.
Selling your house and moving for a job in a clearly ridiculous job market is going all in on a gamble. Much moreso than nadella did
Re: Microsoft Freezes Salaries for 2023
#378$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?
A signal of they having skipped history class.
Re: Microsoft Freezes Salaries for 2023
#379Earlier quoted context omitted.
What makes you say it was a bad idea? Why do you think it didn't work out exactly as planned?
I mean, it feels almost self-evident that you shouldn't hire more people than you need; if you don't need them then that's not an efficient use of resources. Now, it's possible they hired all these people in anticipation of future needs, which is fair, but it doesn't take a hyper-genius to know that markets fluctuate, particularly after a global pandemic. So at this point, either Satya Nadella is so stupid that he di…
> I mean, it feels almost self-evident that you shouldn't hire more people than you need; if you don't need them then that's not an efficient use of resources.
The entire point of a low interest rate economy is that, if you have a bunch of cash, you need to put it into something other than a savings account in order to make anything of it. From that perspective, simply paying engineers to sit and twiddle their thumbs all day has the business advantage of preventing your competitors from moving any faster or to prevent your employees from forming future competitors. It's a complete win win for the companies.
Re: Microsoft Freezes Salaries for 2023
#380With the rate of inflation and interest rates going up, salaried workers need a cost of living adjustment at the very least, even if we forget about a bonus or a big pay hike. This decision is unethical to full-time employees seeing the tidy profit they made. It's a clear signal to the employees not to expect any practical reward for hard work, what a great way to motivate people. This is yet another large and powerf…
> This decision is unethical to full-time employees seeing the tidy profit they made.
Profit itself is unethical.