Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

All workers must be paid a living wage for their labor.
Income inequality is the main cause of lower living standards.
Workers must join together and fight back for what is rightfully theirs.
We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

Higher wages for underpaid workers.
Better worker representation, including but not limited to unions.
Better and fewer working hours.
Stimulating a massive wave of worker organizing in the United States and beyond.
Organizing and supporting political causes and campaigns that put workers first.

founded 1 year ago

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Microsoft CEO's pay rises 63% to $73m, despite devastating year for layoffs (t.co)

submitted 4 weeks ago by Stopthatgirl7@lemmy.world to c/workreform@lemmy.world

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Microsoft boss Satya Nadella will earn a wallet-busting $79.1m (£60.9m) this financial year, up 63 percent on his compensation for 2023.

The huge boost to Nadella's pay in both cash and stock, announced by Microsoft last night, comes after a positive year overall for the company's financial revenues - but a turbulent 12 months for its employees.

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.

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[–] turbowafflz@lemmy.world 139 points 4 weeks ago (2 children)

And I bet he does less work in a day than every single one of the people who were laid off to fund his pay

[–] FigMcLargeHuge@sh.itjust.works 53 points 4 weeks ago (2 children)

Maybe they can come up with some technology that would someday take the position of CEO. Think of the savings...

[–] YtA4QCam2A9j7EfTgHrH@infosec.pub 22 points 4 weeks ago (1 children)

Right, but the whole point of a corporation is to benefit insiders at the expense of the owners, employees, suppliers, customers, people that breath air, dolphins, platypi, etc.

[–] rambling_lunatic@sh.itjust.works 2 points 4 weeks ago (1 children)

It's to benefit the owners

[–] YtA4QCam2A9j7EfTgHrH@infosec.pub 8 points 4 weeks ago

Nah, maybe in terms of stock price temporarily. But these layoffs are all anti value by destroying institutional knowledge, employee loyalty, etc. C suite fucks don’t know anything about their businesses and these sorts of moves always fuck owners in the end. Look at boing, GE, etc. When these Jack Welch types get into management they always fuck over the long term owners and get very rich doing it.

Then again, Im a weirdo that believes in equities having long term intrinsic value so don’t listen to me.

[–] RedditRefugee69@lemmynsfw.com 11 points 4 weeks ago

I'm pretty sure CEOs are supposed to be one of the most AI replaceable jobs.