Work Reform

10045 readers

953 users here now

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

MODERATORS

seeCseas@lemmy.world

tintory@lemm.ee

TinMod@lemmy.world

757

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

submitted 1 month ago by Stopthatgirl7@lemmy.world to c/workreform@lemmy.world

94 comments fedilink hide all child comments

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.

(page 2) 45 comments

sorted by: hot top controversial new old

[–] dis_honestfamiliar@lemmy.world 4 points 1 month ago* (last edited 1 month ago)

Interesting... So according to this ign most of that was awarded in stock. It kind of solidifies the comments about making money for the share holders by cutting costs. Was gonna say would be nice for us peasants to be awarded in stock but then I would feel like crap if I'd get ton of money while others lost their job.

[–] can@sh.itjust.works 4 points 1 month ago

Each day I become closer moving my setup away from windows entirely. I installed Ubuntu alongside windows but now I'm thinking I want a different distro and need to repartition I guess.

[–] Kalkaline@leminal.space 3 points 1 month ago

Come on guys, you can't expect them to take care of their CEO and their employees.

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

Yeah but those layoffs saved a LOT of money! /s

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

Wow, the price of a soul went up 63%.

[–] LunchMoneyThief@links.hackliberty.org 1 points 1 month ago

With all the suffering that they've been inflicting upon Windows serfs, he's more than earned it. If it were up to me, I'd up his pay tenfold. I can't wait to see what MS has in store for the tech cattle in 2025!

[–] Agent641@lemmy.world 1 points 1 month ago

"earn"

[–] DarkSpectrum@lemmy.world 0 points 1 month ago

Yeah but I bet he met a KPI

[–] Nougat@fedia.io -1 points 1 month ago (1 children)

CEO (and really the whole executive committee and board of directors) is beholden to the shareholders, not the employees. Employees are not only an expense, but the largest expense a company has.

[–] reddig33@lemmy.world 2 points 1 month ago (1 children)

Employees should buy up all the stock.

[–] Nougat@fedia.io 1 points 1 month ago

Unfortunately, they would only be able to buy stock that is for sale.

load more comments