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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 4 weeks ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

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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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[–] NOT_RICK@lemmy.world 98 points 4 weeks ago (11 children)

That’s roughly 30k for every employee laid off

[–] NRay7882@lemmy.world -1 points 4 weeks ago (1 children)

That's some real bald-headed behavior if you ask me.

[–] feedum_sneedson@lemmy.world 1 points 4 weeks ago

I'm bald.

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