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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 17 hours ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

75 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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[–] independantiste@sh.itjust.works 6 points 4 hours ago* (last edited 4 hours ago) (1 children)

The entire point of AI as it stands right now is to allow more of those layoffs. Anyone telling otherwise is a liar.

Also I hate how currently, AI is used to remove the fun parts of creating things at a computer. Take coding for example, I think I can speak for many people when I say that the fun part of their job, is not the planning or the meetings, it's the actual coding and stumbling upon a hard problem to solve. Now with AI you the human will only keep the boring parts of the job!

[–] filister@lemmy.world 1 points 9 minutes ago

Exactly how I am feeling. AI took the fun part away of cracking a problem and the satisfaction of solving it is now gone.