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Microsoft Freezes Salaries for 2023

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Re: Microsoft Freezes Salaries for 2023

#141

Post by refulgentis »

wadd1e wrote: post #122
refulgentis wrote: post #39

Earlier quoted context omitted.

2nd deriv is negative and we're likely to overshoot, hence, the decision and article about it

2nd derivative being negative doesn't mean inflation is becoming deflation though, it just means that the rate of change of inflation is decreasing, but the inflation(and rate of change of inflation)itself will still be positive(unless I'm misunderstanding something, which is entirely possible).

You're not wrong, it's one of those "HN traps": we're smart, and we can apply that other places, and even find other people who will back up our findings and agree. But colloquially, in the actual field, people expect something different.

Makes it hard to converse because _nobody_ is wrong here: i half-assed my way through an economics degree and know just enough to know OP is making a relevant comment, then confirm their comment: M2 money supply, is in fact, decreasing.

Re: Microsoft Freezes Salaries for 2023

#142

Post by ryandrake »

bcrosby95 wrote: post #83
boredumb wrote: post #32

HN comments about profits, CEOs, share holders and executives are increasingly resembling twitter takes.

Because HN is increasingly realizing they're actually a part of the working class.

Bingo. After about a decade of tech workers thinking we were part of some global aristocracy just because we could afford payments on a Tesla and could (briefly) get multiple job offers from companies... The minute we get into a bear market, suddenly we're all César Chávez, fighting for the working class. How the turn tables!

Re: Microsoft Freezes Salaries for 2023

#143

Post by tombert »

jselysianeagle wrote: post #116
tombert wrote: post #73

Earlier quoted context omitted.

Fair enough, I was thinking about companies like Jane Street, paying starting wages of about $200,000/year for engineers [1], and I've seen a few other trading places offering similar wages. When I was at Apple, my base pay was $175,000 when I left, with about $60,000/year of stock. I've never worked for Microsoft but I assume that the pay is comparable to Apple Entirely possible that the quantity of trading jobs ava…

> Entirely possible that the quantity of trading jobs available isn't nearly as high as something like MS though. Yes, exactly. Other companies like Jane Street definitely exist in the finance space and pay really well but collectively hire far fewer engineers than FAANG + FAANG-like companies do. The thing I like about them though is that most of the time their comp is all cash (salary + bonus) so you don't have to…

Yeah, that's what people tell me, though the Jane Street interview is pretty tough; I've interviewed with them three times, and also been declined three times...so maybe I'm disproving my own point here.

Re: Microsoft Freezes Salaries for 2023

#144

Post by nineplay »

ejb999 wrote: post #50
nineplay wrote: post #24

Perhaps its a false dichotomy, but I'll take a pay freeze/cut over a layoff any day.

Would you take a pay cut to save someone else's from being laid off in your company? It's a serious question, just curious, there is no right answer - I wouldn't, nor would I accept even a $1 cut in my pay - the day that happens is the day I give my notice. Not an option for everyone I know.

Do I get to choose who does and doesn't get laid off?

I'm being facetious but I honestly don't know. I've become a softy in my old age. I can imagine how deeply awful it would be for a breadwinner with a home and kids. Even for people I work with that I don't particularly like, I wouldn't want to put them in that situation.

Like a lot of Americans I've been experiencing a lot of envy for the more socialist European companies where maybe people have less to gain, but they also have less to lose. All I really want is a comfortable life for me and my family. I'd like the same for everyone else.

Re: Microsoft Freezes Salaries for 2023

#145

Post by daveslash »

pianoben wrote: post #30
ClumsyPilot wrote: post #21

Earlier quoted context omitted.

This kind of comment woups not have been here like 3 years ago. It was an amazing journey to watch HN denisens adjust their opinions as they went from creme de la creme and 'anyone can create a unicorn tonorrow' to, you know, being basically like a plumber but for JSON.

The secret is, we've always been plumbers . It's not a terrible comparison in some ways - plumbers are highly-skilled, scarce, and command high prices for their services. Nobody mistakes them for Capital, especially not plumbers themselves. Engineers seem to have gotten the wrong idea about themselves lately.

There's a small remote island community in New England that I visited once. I was told that the person with the most political sway on the island is the plumber. It was explained to me succinctly: You don't need a plumber often, but when you need a plumber, you need a plumber!.

Re: Microsoft Freezes Salaries for 2023

#146

Post by tombert »

didip wrote: post #134
tombert wrote: post #73

Earlier quoted context omitted.

Fair enough, I was thinking about companies like Jane Street, paying starting wages of about $200,000/year for engineers [1], and I've seen a few other trading places offering similar wages. When I was at Apple, my base pay was $175,000 when I left, with about $60,000/year of stock. I've never worked for Microsoft but I assume that the pay is comparable to Apple Entirely possible that the quantity of trading jobs ava…

At its height, FAANG companies are dishing out > $500k total compensation to engineers. You would have to be quant analysts themselves to beat that number.

When was its height? Even with stock packages at Apple I was getting closer to $250-$300k/year total comp. This would have been September 2018 until March 2021...

Re: Microsoft Freezes Salaries for 2023

#147

Post by oh_sigh »

nickpp wrote: post #95
schainks wrote: post #84

Earlier quoted context omitted.

Do not have mercy for a faceless corporation continually posting profits that grow quarter over quarter. They are rolling in money and could cut executive comp or something else, but choose not to.

Executives lost to competition due to cut comp are much harder to replace than regular workers. Sucks, but it’s the reality.

If, say, Sundar was only offered a $100M package instead of a $226M package, where would he go that would pay him more than $100M? There's no other person out there who would do the job for $100M?

An issue would be that Sundar is plugged into Google and knows all the ins and outs and has the relationships that an outsider would take some time to learn/form, but on the same hand, Sundar going out into the wide world is then lacking those same things at his new company, meaning new companies might be as hesitant to hire him as Google would be to hire a new outsider CEO.

Re: Microsoft Freezes Salaries for 2023

#148

Post by manmal »

ClumsyPilot wrote: post #21
dig1 wrote: post #10

Yet CEO's bonus in 2022 was 20x bigger than his salary. I don't think it will be less this year either; with all-time high stock price and these "cost cuts", he will be wholesomely rewarded.

This kind of comment woups not have been here like 3 years ago. It was an amazing journey to watch HN denisens adjust their opinions as they went from creme de la creme and 'anyone can create a unicorn tonorrow' to, you know, being basically like a plumber but for JSON.

Because a small team can’t create a unicorn tomorrow, anymore.

Re: Microsoft Freezes Salaries for 2023

#149

Post by joseph_grobbles »

diversionfactor wrote: post #106

And yet, at exactly this time last year: "Microsoft to Nearly Double Salary Budgets, Expand Stock Compensation" https://www.shrm.org/resourcesandtools/hr-topics/compensatio... So they are freezing after the doubling? This behavior seems skittish and an overreaction, especially given their continued profitability and high margins. Corporate executive behavior reminds me of interacting with ChatGPT: Exec: "What should…

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