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.
My company tanked last year and I ended up getting laid off, and as part of the process senior leadership owned the budget problems and in my layoff, I was given full pay for 16 weeks and uncontested unemployment (which I did not end up needing), as well as a job recommendation. Fortune 100 company.
Microsoft fucked up here and this manager memo is ridiculously stupid. This is how you hemorrhage the talent you’re trying desperately to keep during budget shortfalls.
Companies aren’t supervillains. They’re just people, and people here fucked up.
Meanwhile the C-suite are getting record compensation and stock buybacks. There is no “budget shortfall”, it’s just typical greed at the top that’s hoping the rank and file will swallow it.
My company didn’t respond to COVID aggressively and lost market share to competitors, and our CEO stepped down because of it.