Wages are always stagnant for existing employees. So it creates an incentive to job hop. Has been the case for the past decade, probably even longer.
Microsoft Freezes Salaries for 2023
401–410 of 597 posts
Re: Microsoft Freezes Salaries for 2023
#402Earlier 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’s kind of odd to think it’s NEVER correct for a company to do layoffs. The CEOs job is to run the company - if the company is more efficient why shouldn’t the CEO be rewarded? Their job is to run the company not never fire anyone.
Re: Microsoft Freezes Salaries for 2023
#403Re: Microsoft Freezes Salaries for 2023
#404Do 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.
But stock grants at MSFT are much smaller than stock grants at Meta. So unclear who made out better.
Re: Microsoft Freezes Salaries for 2023
#405Man 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 certainly rough for juniors but, anecdotally, a solid MSFT senior or above should not have any trouble in the current market. Demand for good talent is high at many companies paying more (liquid) than MSFT e.g. Block.
Re: Microsoft Freezes Salaries for 2023
#406Microsoft is a cancer and has been since the 80s. Time for the younger generation to learn that. Seems they’ve been drinking the PR kool-aid the last few years and believing it.
Time for some chemo/radio therapy. :-D
Re: Microsoft Freezes Salaries for 2023
#407My fear is that more companies will follow suit.
Re: Microsoft Freezes Salaries for 2023
#408I 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.
Happy engineers do better work. Half the reason Google is really falling on its face right now is that management has made it clear to eng that we're not respected the way we were 10 years ago. So we no longer go above and beyond for our employer because they no longer go above and beyond for us. Doing less work is a classic and reasonable negotiating tactic for employees. Employees are counter parties to any negotia…
Outside of the ads group the majority of Google’s rest and vest workforce delivers little shareholder value
Re: Microsoft Freezes Salaries for 2023
#409Earlier quoted context omitted.
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…
> In what world was it a bad idea for them to hire thousands of people and then fire them?
I guess I made the mistake of believing them when they said that they “regret this decision”, and assuming a human level of empathy.
Re: Microsoft Freezes Salaries for 2023
#410Earlier quoted context omitted.
Wanna share some ballpark numbers? It'll bolster your statement a bit and grounds the claim from others with similar experiences
Won't give my current salary because this isn't anonymous, but my 2021 TC was ~150. Another FAANG offered ~200, and trading firms all offered numbers way higher.
TC should have been over 200 w/ stock unless you're straight out of college.