That merit raise was one of the thousand cuts they have been inflicting on employees for the past decade. Take away their happiness, slowly strangle the morale out of them, take their cars away, stop matching their 401k, make work conditions so miserable customers are calling and yelling where are my parts, make it so bad they underperform until you have no choice but to let them go or they quit.
You still here? Well that's because you see the glass ceiling and you like glass ceilings.
Xerox likes employees that like glass ceilings.
Carry-on peasant.