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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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[–] Gammelfisch@lemmy.world 33 points 1 month ago (1 children)

Typical and most people in the US view CEO's as heroes. US income distribution is on the same level as fucking Russia.

[–] rottingleaf@lemmy.world 22 points 1 month ago (1 children)

As someone from fucking Russia, people with biggest income in your country are usually first businessmen, second - something else, while in Russia those would be cockroaches from MFA, PA and other thieves, plus a few oligarchs who at some point were among those cockroaches.

So it may not be as bad yet, but frankly yes, you are giving out vibes of going in the same direction.

[–] sunzu2@thebrainbin.org 5 points 1 month ago (1 children)

US is the OG oligarchy, but we cosplay "Democracy" to cope

[–] rottingleaf@lemmy.world 2 points 1 month ago (1 children)

I agree, but yours are real oligarchs, while those I'm talking about are a relatively new thing for you.

Russian-style ones are just blokes from one and the same corporation who chose they want to be celebrities. A façade. They used oligarchy as a scapegoat in the 90s, to avoid lustration while it still could be done.

[–] sunzu2@thebrainbin.org 3 points 1 month ago

I see your point. In US our oligarchs run the show. In russia, they submit to the "President" to obtain the position.