We laid off half of our employees, and the other half seem demoralized. We have no idea why so we're going to try making everyone come back to the office.
Also hey everyone we made record profits this year! Great job! Pay raises are on hold though due to economic uncertainty. Remember, we're a family!
This is what's really getting under my skin. The messaging is not even hidden anymore.
It's right out in the open that many companies are making enormous profits and giving out astonishing executive bonuses, at the same time as freezing salaries and layoffs.
It's not adding up, and I'm kind of just waiting to see if more people are going to become as fed up with it as I am, or if we're all just too comfortable.
Take a look at worker and consumer protections in the EU and you'd be heading in the right direction. Or what we used to have. The minimum wage was original a living wage. Specifically it was designed so the worker was doing more than just surviving.
Seems like existing workers are being protected at the cost of new entrants. Utterly predictable, since companies will be hesitant to set up shop in France because of onerous process of firing low performers.
> It's right out in the open that many companies are making enormous profits and giving out astonishing executive bonuses, at the same time as freezing salaries and layoffs.
I started my career at a large defense contractor. This was long ago, back when one had a mail cubby to receive memos and the link. I remember receiving one memo that stated:
1. The company didn't hit the metrics needed to trigger profit-sharing with the employees
2. The executive team had different metrics which were hit, so they'd get bonuses
I think greed is an essential ingredient to become CEO in the first place. I simply cannot imagine a non-greedy non-sociopath becoming CEO of a big corp.
Also hey everyone we made record profits this year! Great job! Pay raises are on hold though due to economic uncertainty. Remember, we're a family!