this post was submitted on 25 Oct 2024
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534
Microsoft CEO's pay rises 63% to $79m, despite devastating year for layoffs: 2550 jobs lost in 2024 (www.eurogamer.net)
submitted 11 hours ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world
56 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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[–] NOT_RICK@lemmy.world 71 points 11 hours ago (3 children)

That’s roughly 30k for every employee laid off

[–] NRay7882@lemmy.world 1 points 1 hour ago

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

[–] Telodzrum@lemmy.world 24 points 11 hours ago

Sounds like an easy sell to the board, then. It it's that much of a net positive in economics.

[–] weew@lemmy.ca 9 points 9 hours ago* (last edited 9 hours ago)

If they were software engineers, they saved $200,000+ per person laid off

That's how he makes dem big bux, by telling other people to fuck off