Thread regarding VMware layoffs

Question on Pay Adjustments

Have You Had Any Pay Adjustments in 2021 and 2022?

Hello All - I work in the IT department of a Fortune 500 company who is not a competitor. I wanted to see if I can learn what other Fortune 500 companies did in 2021 and 2022 in terms of adjusting pay due to rising inflation.

My company did nothing so far and people are upset, we are being told that we are being paid the market wages and that we have low attrition and that therefore people are not upset and are happy to stay.

I've heard that many Fortune 500 companies had pay adjustments in 2021 and 2022 and I wanted to share that information with our ELT regardless of the BS they are feeding us.
Anyhow, please share if your org had any adjustments during 2021 and 2022 - I and I am sure orther layoffs.com visitors would appreciate that.

Thanks...

by Anonymous
| 1715 views | | 5 replies (last April 19, 2023) | Reply
Post ID: @OP+1jO2MFmR
Comment! It's anonymous!

5 replies (most recent on top)

No adjustements for me

by Anonymous
| | Reply
Post ID: @2pntd+1jO2MFmR

ok - @kus has a great advice

by Anonymous
| | Reply
Post ID: @6stx+1jO2MFmR

I’ve been in the market since decades. Very few companies adjust to the increased cost of living. The key is to find where you get a better deal and move on.

by Anonymous
| | Reply
Post ID: @kus+1jO2MFmR

the layoff is probably the wrong place to look for this info.

by The guy w/ business info
| | Reply
Post ID: @grq+1jO2MFmR

No cost-of-living adjustment here, just a below-inflation payrise for both years (I'm based in EMEA).

Check your companies wages on glassdoor or similar to see if their claims of paying the market wage hold water.

by Anonymous
| | Reply
Post ID: @vhq+1jO2MFmR

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