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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 73 points 1 year ago (1 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 14 points 1 year ago (1 children)

Enjoy that Dead Sea Effect.

https://en.everybodywiki.com/Dead_Sea_Effect

[–] jonne@infosec.pub 19 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.