559
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 2 years ago by [M, B] to c/technology@lemmy.world
75 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] 135 points 2 years ago (4 children)

Every corp knows we're in late stage capitalism. They're not even trying to hide it anymore. Any individual that makes a billion dollars should be viewed as an enemy, even millionaires should be very nervous.

  • permalink
  • fedilink
  • source
  • hideshow 8 child comments
    •
  • [–] 43 points 2 years ago (2 children)

    What - you can't even buy a nice two-bedroom condo here for a million dollars, I think you need to re-evaluate what a millionaire is today.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 2 points 2 years ago

    I took it to mean people who earn that much per year. The average person working a $30k+ job should have more than a million in the bank at retirement, and that should have been enough to retire on comfortably. Now I'm being told it's more than 1.5-2 million dollars at retirement.

  • permalink
  • fedilink
  • source
  • parent
  • [–] 21 points 2 years ago (1 child)

    You pretty much need to be a multimillionaire to retire these days and it's not that hard to do with a half decent job and basic retirement planning, especially when factoring in a home to your net worth (which is standard). Millionaires are not the enemy. $1m is 1000x closer to $0 than $1B.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 53 points 2 years ago (2 children)

    I don't disagree with the sentiment, but "get a half decent job, do basic planning, and factor in the cost of the home you definitely own" is a massive simplification and a lot of people cannot meet those requirements through no fault of their own.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 23 points 2 years ago (1 child)

    Yeah, thats already proper middle class, and middle class is pretty hard for a lot of people to attain these days.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 15 points 2 years ago (1 child)

    Most people are not even able to accumulate any capital while paying bills. If you‘re not in the fortunate position of a collage education or similar, you‘re pretty fucked.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 8 points 2 years ago (2 children)

    Even with a college education, you’re usually fucked.

    Most people talking about how to become multimillionaires have the benefit of generational wealth. Even if they’re not directly dipping in to family funds, it’s a support system that us poors don’t have.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 5 points 2 years ago

    Tell me about it. Grew up poor, kicked out of school due to undiagnosed neurological stuff.

    I did manage to build a company out of thin air (and working 16 hrs a day). Then covid happened. I‘m rather gonna starve than go back an suck corpo cock.

  • permalink
  • fedilink
  • source
  • parent
  • [–] 14 points 2 years ago (1 child)

    Not saying everyone can do it, just that we're all on the same side. It's important to remember who your friends are. The doctor that works 12h+ a day and has a few million in the bank is not the same as the billionaire playing God and zipping around to all major world events in their private jet while siphoning profits from thousands of workers.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 15 points 2 years ago (4 children)

    What about us hundredaires?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 8 child comments
    •
  • [–] 0 points 2 years ago (1 child)

    The same late stage capitalism we've been in since the term was coined 175 years ago?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 2 years ago*

    Later in the stage? The term was coined before the stage happened. End of WWI was supposedly the start and I don't think the idea was that it would implode the instance the stage was hit. We got a bit of a bounce back with the tech boom, that's clearly over. Unless another major frontier pops up that isn't immediately sucked dry by the already rich, we're at the end.

  • permalink
  • fedilink
  • source
  • parent