Top-performing team blindsided, after being informed by management that there won't be merit raises as the budget will be redirected to investing in artificial intelligence, despite exceeding revenue goals: 'Bringing in more money than ever'

Advertisement
  • 01
    Coworkers talking during work meeting
  • 02

    “Nobody” is getting a raise this year at my workplace due to AI

    Nobody in quotes because I'm sure our CEO is getting one. But yeah, long story short we have been having meetings all
  • 03
    year whereby management has been praising our department for bringing in more money than ever before and backing it up with flow chart and graph after
  • 04
    graph of numbers going way up. For perspective, a new hire has been consistently pulling in 3x the monthly revenue goals, with the rest of the department
  • 05
    including myself exceeding goal by at least 2x regularly. Now we just had a meeting with upper management who told us there won't be any merit
  • 06
    increases this year as they decided to put that money into artificial intelligence instead. I'm happy I still have a job for now, but still feels bad, man.
  • 07
    You see so much talk about Al eliminating jobs, but not enough about it cutting into promotions or raises, so consider this a PSA.
  • 08
    Artificial intelligence
  • 09
    Ictalbot Sounds like it's time to update your resume. They have clearly shown how much you are valued!
  • 10
    OP MrCalabunga Oh it's definitely updated, however I'd be naive to think this isn't impacting every sector of the job market at this point.
  • 11
    misdeliveredham They shouldn't have told you the real reason for sure. Should've said something about bad economy or something
  • 12
    OP MrCalabunga A few people who pushed back in the meeting did get them to change course shortly to also blame it on "the administration" and "immigration crack downs," so there's that...
  • 13
    FluegelLukas Guess it's time to stop overachieving and start to just hit the goals. Because they clearly don't value your work.
  • 14
    Employee comforting his worried coworker
  • 15
    Informed Triangle I work for a fairly small (\~200ish employee) company. This year they gave the majority of people 500$ bonuses, which after taxes and deductions is like 200. Ok I thought, better than nothing.. Then I stumbled across the bonus spreadsheet left on a fileshare by accident and saw the CEO got..100,000... Sigh.
  • 16
    NeuroRocketry "We spent your incentive money on something to replace you." Fuck them.
  • 17
    DotGroundbreaking50 No raise is a pay cut with our silly season inflation
  • 18
    tigershrike Start getting those feelers out now. It's better to find a job while you still have a job.
  • 19
    BringBackUsenet So they are going to shoot themselves in the foot to invest in technolgies that still have major flaws. I can't wait to see how many of these "managers" that buy the Al hype has to suck it up and start hiring humans again after the "AI" system prove to be a huge disappointment and sales crash.
  • 20
    isthisyournacho Sounds like they can't afford the choice and are betting the talent will stay. Prove them wrong. Typically R&D and capital purchases have their own budgets.
  • 21
    Nervous_Ad_5583 This is what you call a low value employer. Get out of there as soon as possible.
  • 22
    Madmonkeman But that can't be true, I was told "hArD work pays off"
  • 23
    CarlJustCarl Next year it will be because the sun, moon and Neptune aren't aligned properly.

Tags

Scroll Down For The Next Article