this post was submitted on 30 Aug 2023
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Leaked Microsoft memo tells managers not to use budget cuts as an explainer for lack of pay rises: ‘Reinforce that every year offers unique opportunity for impact’ (finance.yahoo.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Leaked Microsoft memo tells managers not to use budget cuts as an explainer for lack of pay rises: ‘Reinforce that every year offers unique opportunity for impact’::Managers are being ordered to dodge employees' questions about how the latest budget cuts will impact their pay.

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[–] evatronic@lemm.ee 103 points 1 year ago (2 children)

It's only stupid if you think Microsoft wants to retain employees.

The tech industry is contracting after over expanding during the pandemic and, instead of layoffs, MS is hoping to get to their budget cuts by attrition.

[–] million@lemmy.world 24 points 1 year ago (1 children)

Enjoy that Dead Sea Effect.

https://en.everybodywiki.com/Dead_Sea_Effect

[–] jonne@infosec.pub 23 points 1 year ago

Don't worry, if a competitor shows up (possibly started by an ex employee), they can just buy them. The lack of any kind of anti trust enforcement made the whole concept of innovation by competition irrelevant.

[–] MisterFrog@lemmy.world 7 points 1 year ago (1 children)

What I don't get about this is that presumably you'd lose more of the high performing employees that can find a better offer, and be left with people who can't afford to lose their job (no hate to them, these are human beings, but what I'm trying to point out is that the people who will quit will be the people with the most experience and other job prospects)

Seems counter-productive long term

[–] nxdefiant@startrek.website 4 points 1 year ago

Upper management would have to value employees for this to make sense.