this post was submitted on 25 Oct 2024
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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 3 months 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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[–] SeaJ@lemm.ee 3 points 3 months ago

Current profitability is up. Profit margins are also up from last year. But I could see investors looking at the lack of any path after the current Xbox and wondering why they employ so many there. I'm sure other areas have also seen some stagnation.