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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.

(page 2) 49 comments

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[–] kamen@lemmy.world 7 points 1 month ago

CEOs gonna CEO.

[–] OldWoodFrame@lemm.ee 7 points 1 month ago (1 children)

He's doing what the Board wants, stock price is up. If there was a worker advocate on the board, maybe things would be different.

[–] TheReturnOfPEB@reddthat.com 1 points 1 month ago

stock is regularly at a new all time high with $400++/share.

[–] HotsauceHurricane@lemmy.one 7 points 1 month ago

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

[–] Philharmonic3@lemmy.world 3 points 1 month ago

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

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

Go Copilot!

[–] mathias@pawb.fun 1 points 1 month ago

@ForgottenFlux disappointed but utterly unsurprised

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