>

Yeah isn’t it funny how inflation is usually 7% (and is more this year) but everything has gone up at least 30%? These poor companies are making record profits since Covid hit! What a world!
Edit: My wife paid $5 for a dozen eggs (not even free range, no anti biotic, blah, blah, blah). They used to be the cheap option for protein and fats, may as well eat beef for every meal now. I guess I should add that I live in central NY
Edit 2: inflation is not normally 7% and eggs have gone up due to avian flu
Per TeamBlind they're doing so over 3 months.
Instead of a 5% staff reduction they get 100% of their staff panicking and interviewing elsewhere. Great thinking! >

If they quit and find a new job no severance! >

But then you get good workers, who weren’t going to get cut, leaving for elsewhere. >

But now they can hire cheaper less experienced people to do the same but lower quality work while making more profit! This is how large companies decline in quality. >

I wish we would hire some young developers, we have entire teams where everyone is over 40 because they don't want to spend time training anyone. >

I'm over 40.  Where I work, management tries to accomplish "training" by throwing the younger workers right into a complex task, and telling the more senior people to be on-call for questions and support.  Inevitably what happens is that the younger folks never ask questions, then when the SHTF, the senior folks have to scramble to figure stuff out in the remaining schedule.  It's pretty stressful. >

Do the older staff take questions well? I guess I'm getting closer to the old crowd now, but as a youngster coming into a job, I ALWAYS asked a LOT of questions because I'd rather learn to do it right the first time than do it wrong for months and get in trouble and have to correct now ingrained habits. Some people were very helpful, others were complete ass holes about it. I kept asking questions either way, but the environment where questions were discouraged, I got a reputation for being inept rather than curious and diligent... Jobs that answered my questions got a hell of a lot less questions pretty quickly along with good work product from me. When a team is constantly putting newbies down for asking questions, you get shitty work product from probably well meaning but poorly trained people. >

I get your point, the way I view it is this:  My employer expects me to answer questions and help colleagues.  My employer expects me to ask questions and seek answers when I'm lost/stuck.  If anyone has a problem with either of those things, then they are not doing their job. >

This is the way. >

Lol so Microsoft CEO got a 10% raise in 2022 making $55 million. When will these bum executives ever take a pay cut?
Their lowest paid executive made $12 million last year >

They won't even adjust the regular worker's salary for inflation. >


Meanwhile, the total compensation of the median Microsoft employee rose 7.6% to $190,302

From here >

But from your own link:
“Meanwhile, the total compensation of the median Microsoft employee rose 7.6% to $190,302, to push the CEO pay ratio up to 289-to-1 from 282-to-1 in 2021. The CEO pay ratio has now increased for five-straight years, including 257-to-1 in 2020, 249-to-1 in 2019 and 154-to-1 in 2018.” 
Satya also started in 2014, who knows what the ratio was back then? 100-to-1? Maybe even lower?
Edit: full quote plus formatting >

That's fair, but the point I was responding to was

They won't even adjust the regular worker's salary for inflation.

Which is just... false >

7.6% doesn't account for promotions or new hires that were typically hired at higher compensation. >

downvote away but that sounds like the job market doing its job at being a market. >

Job market doing its job has nothing to do with irrelevant figure you used to support your argument. >

I don't really get your point. Median wages at the company are up 7.6%. >

You can easily increase the median with the new employees.
That doesn't mean you're increasing the average wage by that much.
You don't have to increase existing employees at all if you hired over 15% of the employees in 2022. >

They were also hiring like crazy for no apparent reason last year. Headcount went up 40,000 from 2021 to 2022.
Cutting 10k and the other minor previous cuts still adds up to significantly more employees remaining than they had in 2021 AFAIK. >


“No one can defy gravity and gravity here is inflation-adjusted economic growth,” he told WEF founder Klaus Schwab in a livestreamed discussion.

Interesting, since A Kansas City Fed report found that corporate price markups were 58% of 2021's inflation. The same year, U.S. corporate profits surged to their highest level since 1950