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.
He made $12000 off each fired employee.
Per year. And lets not talk about his stock options and other benefits… Fucking disgusting.
The board doesn’t care about the number of people employed. They care about the current profitability and future profitability.
Of course that’s their job; to look after shareholder interests. And the money would move to a better investment if they didn’t.
It’s the whole system you need to change, if you seek change, not moan about an individual CEO.
Current profitability is up. Profit margins are also up from last year. But I could see investors looking at the lack of any path after the current Xbox and wondering why they employ so many there. I’m sure other areas have also seen some stagnation.
@ForgottenFlux disappointed but utterly unsurprised
Regulate monopolies. Eat the rich.
Headline confused “despite” and “due to”
yeah lol what do they think is happening here
His salary increase must be inversely proportional to the quality increase in Windows 11.
That’s roughly 30k for every employee laid off
If they were software engineers, they saved $200,000+ per person laid off
That’s how he makes dem big bux, by telling other people to fuck off
Sounds like an easy sell to the board, then. It it’s that much of a net positive in economics.
his payrise is equivalent to something like 3000 US workers minimum wage annual salaries
if my math is correct (which it probably isn’t)
Because, not despite.
Immaculate concision
When was the last time you got a 63% raise?
March 2023
Eh, congrats! New Job?
I’m self employed.
Found out I’m depressed, decided to reduce work to 3 days a week.
Raised prices to reduce clients. Turns out I now make more, doing less work. It is what it is.
Dont mean to pry, but I’ll gladly do whatever you’re doing
He’s mainly dealing with depression.
Well, yeah. How do you think they could afford Nadella’s pay raise?
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
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: 2550jobs lost[employees were fired by their greedy CEO] in 2024 [because he wanted more money]
