Not surprising. Many companies brag about record profits but won't give raises that match or exceed inflation. Only way to get a proper raise is to change jobs.
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So many companies doing backdoor layoffs by:
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Make remote work policy really favorable and prominently advertised
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Allow employees to get comfortable - many move further from office locations to save money
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Suddenly require in-person work, even for people for whom the commute is now unreasonable
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