this post was submitted on 25 Oct 2024
890 points (98.7% liked)

Technology

60082 readers
4104 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS
 

2024 has seen two mass layoffs at Microsoft, with 1900 staff laid off in January, before a further 650 Xbox employees were shown the door in September.

Regardless, Microsoft's shares are up and the company's market value is now higher than $3tn, as it works to capitalise on the rise of AI.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 57 points 2 months ago (3 children)

When was the last time you got a 63% raise?

[–] eager_eagle 12 points 2 months ago

70% workload raise

[–] scarabic 3 points 2 months ago (1 children)

Well his compensation is tied to the stock price so it’s not exactly a “raise.” My employer’s stock is near an all time high right now so I’m not complaining about how much I made from the shares I sold, but neither do I consider it a “raise” because it’s not guaranteed to be the same next year.

[–] ChickenLadyLovesLife 10 points 2 months ago (1 children)

At my last company, they usually gave end-of-the-year bonuses instead of raises. They were pretty generous, usually amounting to about half of our annual salaries, but it of course prevented us from being guaranteed that level of compensation the following year. That's why I always describe bonuses as raises followed by pay cuts.

[–] scarabic 4 points 2 months ago

Yeah pretty much. Everything about it is a hedge. They can pay less if their numbers tell them to. They can lay you off and not give you anything. They can make more cash disappear if they have to. It’s the squirrelliest shit yet they cast it like a gift from god.

[–] [email protected] -2 points 2 months ago (1 children)
[–] [email protected] 6 points 2 months ago (1 children)
[–] [email protected] 32 points 2 months ago (2 children)

I'm self employed.

Found out I'm depressed, decided to reduce work to 3 days a week.

Raised prices to reduce clients. Turns out I now make more, doing less work. It is what it is.

[–] ChickenLadyLovesLife 15 points 2 months ago

I once quit my job at a software company I really hated. They were desperate to keep me around for the projects I was leading so they asked if I would work hourly for a while. I quoted them a go-fuck-yourselves hourly rate which they immediately agreed to, which made me even more angry about my prior years of poor compensation. I worked under this agreement for about half a year and further improved my effective hourly rate by not working very hard.

[–] bbuez 6 points 2 months ago (1 children)

Dont mean to pry, but I'll gladly do whatever you're doing

[–] NewNewAccount 13 points 2 months ago (1 children)

He’s mainly dealing with depression.

[–] [email protected] 4 points 2 months ago

Only 2 days a week for depression? Rookie numbers