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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 weeks 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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[–] ShaggySnacks@lemmy.myserv.one 13 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Thank god, all these employees lost their jobs so Satya Nadella can pad out their already insanely high salary.

We don't want Satya to starve like the rest us of plebs!

[–] FlashMobOfOne@lemmy.world 2 points 3 weeks ago

This is the shit we need to be thinking about when we read about a black person getting shot by a cop for stealing a loaf of bread, if you ask me.