It was just announced that the Teradata ELT, in their infinite wisdom (or more accurately lack of wisdom), decided unanimously to forgo merit increases (salary adjustments) for employees this year so that that money can go to hire new AI-based experts. My guess is that this really means using the money to hire more VPs and SVPs and fund those salaries with raises that should go to existing employees. Never mind that everything keeps going up in cost, and Teradata insists on charging their customers CPI to keep up with inflation. It's pretty obvious that they don't care about your salary keeping up with inflation.
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Is this like "No soup for you". :-). Sorry have to laugh once in a while.
@OP Didn't they actually say that they are going to "adjust" salaries to "align to market conditions" as in cutting.
Surprised they didnt sign off with "be thankful you still have a job ... for now".