Employee offered 2% raise after their 4th year at the company and a year of record-breaking profit, exceeding revenue targets by 40%: 'Bragging about record profits and expected us to just smile'

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  • A graph of increasing profit overlaid over a photo of a woman tracing it with her finger
  • "Company just announced record profits then told us there's no budget for raises this year"

    We had our quarterly meeting today and the CEO was practically giddy talking about how we exceeded revenue targets by 40% and had our most profitable year ever. Lots of congratulations all around for the "amazing team effort."
  • Then my manager sends an email two hours later saying annual reviews are coming up but we've been instructed that nobody is getting more than a 2% raise due to "budget constraints" and "economic uncertainty." That doesn't even cover inflation.
  • Meanwhile I just found out our VP of Operations got a new company car last month. A Tesla. But sure, there's no money for the people actually doing the work.
  • I've been here 4 years and I'm making basically the same as when I started after you account for cost of living. My rent went up 15% this year alone. But hey at least the shareholders are happy right?
  • The disconnect is insane. They really stood up there bragging about record profits and expected us to just smile and accept poverty wages. I'm so done pretending to be grateful for scraps.
  • binger5 This company is doing great... for me. -CEO
  • Sure_Acanthaceae_3... I hope you can find a new job soon, but in the meantime, make sure you act your wage.
  • nboro94 CEO is giddy because he got his and fuck everyone else.
  • edwkey The VP gets a Tesla but you can't get a raise that covers inflation. I'd be forwarding that quarterly report to every recruiter in town. Companies like this only learn when people start walking out.
  • Rambler330 19 years of hearing "best year ever". Making $3 more over inflation since I started. 3rd generation of family running the company now. Don't think the company will last 5 more years. 3 months till I retire.
  • ilovepadthai These corporate goons are sociopaths. It's been an all out cash grab for the past several years. In the 50s/60's when societal structures and niceties were more in play, they had to at least pretend they cared about their employees- now, the brakes are off and they are in a shocking greed grab. These people are reprehensible. Union. Union is the only way.
  • slade797 Company I work for is on track to clear $100,000,000 this year. No raises expected or mentioned, and no holiday bonuses for us peasants.

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