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Started By
Message
Microsoft skips salary increases for full-time employees this year
Posted on 5/11/23 at 11:28 am
Posted on 5/11/23 at 11:28 am
quote:
Microsoft will hold off on offering salary increases to full-time employees, CEO Satya Nadella told staffers by email Wednesday.
The move aligns with Microsoft’s efforts to reduce costs as revenue growth slows and clients reel in spending. In January, the software maker said it would cut 10,000 jobs, or just under 5% of its workforce. Alphabet, Amazon, Meta and other tech companies have downsized as well in recent months.
LINK
15
Posted on 5/11/23 at 11:29 am to member12
“The economy is stronger than ever”
-Biden
-Biden
Posted on 5/11/23 at 11:29 am to member12
quote:
In January, the software maker said it would cut 10,000 jobs, or just under 5% of its workforce. Alphabet, Amazon, Meta and other tech companies have downsized as well in recent months.
This post was edited on 5/11/23 at 11:30 am
Posted on 5/11/23 at 11:30 am to member12
Oh shite!
Oh wait, I don’t work there.
Oh wait, I don’t work there.
Posted on 5/11/23 at 11:30 am to member12
Don't worry, they'll become a plumber
Posted on 5/11/23 at 11:32 am to member12
Good. Maybe the Fed will quit piling on the interest rate hikes soon…oh wait, nvm, forgot we have to always overcorrect
Posted on 5/11/23 at 11:32 am to member12
I bet the bonuses for the top execs won't be skipped though.
Posted on 5/11/23 at 11:33 am to member12
LINK
These people have no shame.
quote:
This information comes from reports published back in October of last year, when the 2022 earnings of the Microsoft executive board were revealed. Microsoft reported that CEO Satya Nadella stayed on a salary of $2.5 million, but also earned an additional $54.95 million through bonuses.
quote:
This means that Nadella made, on average, 289 times that of his workers, with seemingly no attempt made to close this gap.
These people have no shame.
This post was edited on 5/11/23 at 11:35 am
Posted on 5/11/23 at 11:34 am to member12
quote:
hold off on offering salary increases
It's an excuse to switch to the "if they don't ask for a raise" mentality.
Posted on 5/11/23 at 11:37 am to member12
quote:
Microsoft (MSFT) last ex-dividend date was on May 16, 2023. Microsoft distributed $0.68 per share that represents a 0.9% dividend yield.
quote:
According to Microsoft's latest financial reports and stock price the company's current number of shares outstanding is 7,441,000,000.
quote:
Microsoft had 221,000 employees on June 30, 2022
7,441,000,000 shares x $0.68/share = $5,059,880,000
$5,059,880,000 per last quarter / 221,000 employees = $22,895.38 per employee for a single quarter, potentially.
And they didn't get a raise when inflation skyrocketed.
Why do we have companies again?
Posted on 5/11/23 at 11:39 am to member12
Learn to Weld.
This post was edited on 5/11/23 at 11:40 am
Posted on 5/11/23 at 11:40 am to GetCocky11
quote:
This information comes from reports published back in October of last year, when the 2022 earnings of the Microsoft executive board were revealed. Microsoft reported that CEO Satya Nadella stayed on a salary of $2.5 million, but also earned an additional $54.95 million through bonuses.
this system is broken.
Posted on 5/11/23 at 11:40 am to blackinthesaddle
quote:
Microsoft had 221,000 employees on June 30, 2022
Doing what exactly?
Posted on 5/11/23 at 11:43 am to member12
Oh well
Plenty of full time people didn’t get raises this year
Plenty of full time people didn’t get raises this year
Posted on 5/11/23 at 11:46 am to member12
Learn to code!
Oh wait nm
Oh wait nm
Posted on 5/11/23 at 11:46 am to Darth_Vader
quote:
Doing what exactly?
R&D, operations, sales, marketing, gaming, distribution, AI, etc, etc, etc
Its a big fricking company
Posted on 5/11/23 at 11:47 am to saint tiger225
quote:
I bet the bonuses for the top execs won't be skipped though.
Funny how that always happens
Posted on 5/11/23 at 11:48 am to Darth_Vader
quote:
quote:
Microsoft had 221,000 employees on June 30, 2022
Doing what exactly?
Someone needs to be the censor liaison between Government and Technology.
Posted on 5/11/23 at 11:48 am to member12
But Joe and the Hoe say everything is great!
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