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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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[–] Imhotep@lemmy.world 9 points 1 month ago (1 children)

his payrise is equivalent to something like 3000 US workers minimum wage annual salaries

if my math is correct (which it probably isn't)

[–] sugar_in_your_tea@sh.itjust.works 2 points 1 month ago (1 children)

Yup, that checks out for me.

That said, that's the federal minimum wage, which almost nobody actually gets (article says $1M people).

[–] catloaf@lemm.ee 2 points 1 month ago (1 children)

One million dollar-people?

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 month ago

Yeah, apparently Maggie represents us all.