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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

102 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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[–] zante@slrpnk.net 10 points 1 month 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.