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Microsoft CEO's pay rises 63% to $79m, despite devastating year for layoffs: 2550 jobs lost in 2024 (www.eurogamer.net)

submitted 1 month ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

99 comments fedilink hide all child comments

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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[–] theacharnian@lemmy.ca 18 points 1 month ago (3 children)

That's why Mitbestimmungsgesetz can be goddamn fucking awesome.

[–] Lizardking13@lemmy.world 4 points 1 month ago

I've never heard of that. That's a cool idea.

[–] InverseParallax@lemmy.world 4 points 1 month ago

That would literally change everything for the better.

[–] rottingleaf@lemmy.world 0 points 1 month ago

That would be awesome, but would have limited results if there are still a few enormous companies with patent and IP laws preventing competition.

You can't have that eternal fight between democratic egalitarian monopoly and competitive jungle. The whole point of civilization is to have both representation and competition.