551–560 of 597 posts
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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.
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I'm still new at the company, but it seems like promotions are basically (at best) the accumulated COLA adjustments one ought to have been given, but they make it seem like some performance-based thing. Indeed, I have a RSU vesting schedule 4 years from hire. It is financially unwise to stay beyond that on-hire grant vesting period, it seems.
The A in COLA is adjustments. COLA Adjustments is like SQL Language or ATM Machine.
Correct headline: Microsoft cuts salaries for 2023. Even in a good economy inflation and cost of living increases are a thing.
I never understood the idea that salaries should be expected to always be corrected for inflation, and that not doing so is somehow secretly a "salary cut". Salaries are driven by supply and demand, and individual companies (maybe not Microsoft though) can generally only afford to raise them by a given amount. If that amount is less than inflation then that's that, right? Most companies (again, maybe not Microsoft th…
In 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?
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This is pretty terrible advice when the job market, even for extremely well qualified and experienced engineers, is less than ideal. If you’re a highly paid engineer I’d suggest holding on to that job for at least another 24 months.
> less than ideal Yea, things aren't perfect and risk free so you might as well not even look at your options for change. /s
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Its not hard to beat microsoft packages, they've been under market rate for a while
So name 10 companies that are paying what Microsoft is paying that are profitable and haven’t announced layoffs? And that doesn’t include meaningless “equity” in a private company.
Or you could take a tiny pay cut but go 100% remote and move wherever you want in the world
Another thing to consider is that most companies are working on much easier stuff than the type of problems you face at a company like Microsoft. My first tech job, we had an ex-Microsoftie there. The dude basically just sat around surfing the web all day, worked maybe 4 hours total between Monday and Friday. He was still the most productive person at the whole company, and he taught us all a lot in the process.
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You can sell X% of your stock every year and pretend it’s a X% dividend. It’s the same thing. It’s not like you get any voting rights.
But at the end of the day I'd be left with no stock. Dividends could be paid out indefinitely as long as the company is profitable.
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Okay, but there's a core flaw in your argument: Microsoft has already cut jobs, and now they're freezing salaries for everyone. You're effectively trying to say that everyone at Microsoft deserves a pay cut and that their salary is unjustified, which seems a fair bit more delusional. It seems to me you're working backwards from the position of 'Microsoft is justified in what they're doing' and then continuing to adju…
> You're effectively trying to say that everyone at Microsoft deserves a pay cut and that their salary is unjustified Key employees and high performers will be rewarded at MS and elsewhere. It just won’t be announced in a press release. If you want to disagree with me or think that what I say is bullshit, that’s fine. The market will have the final say. I’m just a pundit on a message board. Imho, this move by MS, whi…
The products are all going to keep getting worse as they lose the talent to maintain or upgrade them meaningfully, but it'll take a long time for the company to fade away
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Sure. He gets a fat bonus because the stock is up. You still aren’t explaining why this doesn’t apply to the rest of the workers.
Microsoft has minted more millionaires among its employees than probably any other company. I'll let you in on a secret. Regardless of what the official policy is for a company, if you feel you're undervalued, and you're right, you can negotiate the pay you feel you're worth. And if you cannot reach an agreement, there are plenty of other tech companies. In the Seattle area, there's Amazon and Google, for example. Yo…
Why are you treating him differently than the rest of the employees?