Anyone else's workplace already cancel or postpone potential "bonuses" and/or merit increases for this years performance due to preparation for the upcoming tariffs?
Anyone else's workplace already cancel or postpone potential "bonuses" and/or merit increases for this years performance due to preparation for the upcoming tariffs?
Had my annual "review" two weeks ago, which these days just consists of my manager telling me he gave me the highest marks in all the categories...
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The original was posted on /r/antiwork by /u/EnigmaGuy on 2024-12-04 03:07:07+00:00.
Had my annual "review" two weeks ago, which these days just consists of my manager telling me he gave me the highest marks in all the categories and to go into the company portal to look it over and approve it. This is fine with me, as I don't usually have anything particular to go over with him and getting this grading usually means a higher percent of a raise compared to my coworkers.
After I submitted it, asked if he heard anything about what the raises looked like this year, as it is always some ambiguous number based on "company performance" for the year. While not record-breaking, it was an alright year so figured at least a 3%, maybe 4%. He told me he had not heard anything yet but should know by the first week of December.
Sounds like the salaried / higher paid positions had a townhall style meeting yesterday that was pretty hush hush, heard rumors they discussed bonuses and general raises.
Today there was a meeting that I guess not everyone got an individual invitation for but it was to discuss our fiscals for the last quarter and also the outlook going forward. I was tied up machining some pins and blocks so did not get to attend it, but had one of my co-workers asking if I'd heard about how the raises were being postponed until April of next year with the 'uncertainty of the effect of the tariffs' as the reason cited.
So, long story short, in an effort to safeguard the company against higher costs they're expecting to incur next year, the workers get the short end of the stick and get to pay these higher costs while earning no more money than we were last year.
Gross.