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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 [email protected] to c/[email protected]

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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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[–] [email protected] 0 points 1 year ago (1 children)

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

[–] [email protected] 2 points 1 year ago* (last edited 1 year 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.