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.

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