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.
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.