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I mean, a failing company won't be giving out raises, that's a given.
Management falling for Altman's grift is on them. Its time to leave the business and we need them to understand that management is incompetent and entirely separated from anyone who does any actual work.
CEOs and companies want to socialize expenses. They decide to invest heavily in an unproven technology like AI, all employees are forced to fund it. But if the company magically made 10%, 100%, 200% revenue increase the next year, are the workers immediately compensated? Almost never. CEOs pride themselves on being the "decision makers", so they need to bear the risk. In other words, everyone should avoid Teradata like the plague while they continue to be badly run...
The workers need to stop voting alongside their rulers. Until that happens, they deserve all the abuse they get.
I strongly encourage all ICs at that organization to handle this information appropriately and collectively switch to 7 hour workdays. It's what the market wants.
Why would I start working so much more?