this post was submitted on 25 Oct 2024
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2024 has seen two mass layoffs at Microsoft, with 1900 staff laid off in January, before a further 650 Xbox employees were shown the door in September.

Regardless, Microsoft's shares are up and the company's market value is now higher than $3tn, as it works to capitalise on the rise of AI.

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[–] YurkshireLad@lemmy.ca 18 points 2 days ago (2 children)

His salary increase must be inversely proportional to the quality increase in Windows 11.

[–] lando55@lemmy.world 2 points 2 days ago

You're saying he deserves more?!

[–] pressanykeynow@lemmy.world 1 points 2 days ago

Well Windows wasn't an important Microsoft product for like 15 years now. It's been like 7 years when Microsoft is a company mostly selling cloud Linux services. Ridiculous I know, but that's from their yearly financial reports. It seems their plan is to cash out Windows as fast as possible before dropping it.

[–] bamfic@lemmy.world 10 points 2 days ago

An old friend was one of the people who got laid off in January. Fuck MSFT.

[–] billiam0202@lemmy.world 19 points 2 days ago

Well, yeah. How do you think they could afford Nadella's pay raise?

[–] Ragdoll_X@lemmy.world 16 points 2 days ago

I would like to propose some changes to that title:

Microsoft CEO's pay rises 63% to $79m, ~~despite~~ [because of] devastating year for layoffs: 2550 ~~jobs lost~~ [employees were fired by their greedy CEO] in 2024 [because he wanted more money]

[–] HotsauceHurricane@lemmy.one 6 points 2 days ago

“Look timmy, it’s a man made entirely of bullshit”

[–] Antaeus@lemmy.world 2 points 1 day ago

Go Copilot!

[–] Skullgrid@lemmy.world 13 points 2 days ago

fuck him not just for making those people's lives miserable, but for stamping down the fucking wages of everyone else in tech by flooding the fucking market

[–] zante@slrpnk.net 10 points 2 days ago

I just want one outlet to break the shit cycle and report it for what it is : CEO got big pay rises thanks to savings made by eliminating jobs.

That is simply the neutral truth.

It’s not some freakish occurance, not some overtime golden goal shit, this is how it works. It’s the norm.

[–] Imhotep@lemmy.world 9 points 2 days ago (1 children)

his payrise is equivalent to something like 3000 US workers minimum wage annual salaries

if my math is correct (which it probably isn't)

[–] sugar_in_your_tea@sh.itjust.works 2 points 2 days ago (1 children)

Yup, that checks out for me.

That said, that's the federal minimum wage, which almost nobody actually gets (article says $1M people).

[–] catloaf@lemm.ee 2 points 1 day ago

One million dollar-people?

[–] reddig33@lemmy.world 8 points 2 days ago

Thinking of all the cool products this CEO has killed off. I would love to see this company split up so that maybe they could innovate again.

[–] Philharmonic3@lemmy.world 3 points 2 days ago

Let's start exercising that 2nd amendment y'all!

[–] mathias@pawb.fun 1 points 2 days ago

@ForgottenFlux disappointed but utterly unsurprised

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