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 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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[–] 01011@monero.town 30 points 1 month ago* (last edited 1 month ago) (1 children)

Trickle down economics - when the 1% tinkle on the remainder.

[–] Flocklesscrow@lemm.ee 20 points 1 month ago (1 children)

Trickle down was a rebrand.

It used to be called "Horse and Sparrow economics."

Idea being: The horses eat buckets of whole grains. And the sparrows pick their meal from the horseshit.

[–] Breezy@lemmy.world 8 points 1 month ago

Never heard that. Regardless, i love it.