this post was submitted on 25 Oct 2024
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Work Reform

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Microsoft boss Satya Nadella will earn a wallet-busting $79.1m (£60.9m) this financial year, up 63 percent on his compensation for 2023.

The huge boost to Nadella's pay in both cash and stock, announced by Microsoft last night, comes after a positive year overall for the company's financial revenues - but a turbulent 12 months for its employees.

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.

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[–] [email protected] 4 points 1 hour ago

while trying to buy a license they claimed i needed a subscription to 365 garbage first. hung up and installed linux.

[–] [email protected] 3 points 1 hour ago
[–] [email protected] 8 points 1 hour ago

Glad my layoff could help you out!

[–] [email protected] 2 points 1 hour ago

I got a 63 cent raise this year too!

[–] [email protected] 7 points 3 hours ago

more like because of the layoffs

[–] [email protected] 12 points 5 hours ago

Remember, he's the real victim here, he had to sign off on all those layoffs, he's going to have to live with that decision...

...in one of his multiple mansions.

He gets paid that much because he's one of the few people on earth who can make those kind of tough choices. The poor guy must be weeping into his caviar.

[–] [email protected] 11 points 6 hours ago

Fire the CEO and hire back the best with pay rises, if they're willing. JC, MS, get a grip on yourselves.

[–] [email protected] 42 points 10 hours ago (1 children)
[–] [email protected] 10 points 9 hours ago (2 children)

We can't even get people to go outside and meet live humans for sex anymore, everyone has switched to online apps for dating. People order food and groceries because we learned from Covid we don't need to actually interact with other people.

Does anyone actually expect us to mobilize and topple powerful financial institutions? We have the most comfortable society on Earth in the US. Despite how miserable everyone is, nobody wants to leave their soft chairs and giant computer monitors and immersive video games and discord chat channels where you can mute and block anyone you don't like. The only thing that could possibly change our course at this point would be some transhumanist/singularity nonsense like artificial general intelligence being developed and wrecking the economy.

But that's tech being developed and controlled by the wealthy elite, so my hopes faded long ago.

[–] [email protected] 4 points 4 hours ago

Everything is going exactly to plan. You're welcome.

[–] [email protected] 3 points 6 hours ago (1 children)

Maybe someone can make an app, so I can have someone paid at an insultingly low hourly rate to go protest/riot in my place?

[–] [email protected] 1 points 5 hours ago (1 children)

Now that's creative :D But you gotta make sure one buyer = one rioter

[–] [email protected] 1 points 5 hours ago

2.49 extra for assured personal rioter. Otherwise you'll get the standard service where your rioter may have another riot to attend to first.

[–] [email protected] 30 points 9 hours ago

~~despite~~

thanks to

[–] [email protected] 112 points 12 hours ago (16 children)

Because of the devastating year for layoffs.

The purpose of a system is what it does.

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[–] [email protected] 24 points 10 hours ago* (last edited 10 hours ago) (1 children)

What a miracle! He must work that much harder than everyone else there! I'll bet A.I. could never do as good a job as he does!

I almost forgot... I heard his marbled meat will taste better than many other breeds of billionaire, especially when slow-smoked over Mesquite. I hope we are able to taste that one day.

[–] [email protected] 8 points 10 hours ago (1 children)

Im a vegetarian but this one would be good for the planet, so…

[–] [email protected] 6 points 10 hours ago

Hello fellow vegetarian! I made the comment while holding my nose. It would definitely be my one meat exception.

[–] [email protected] 115 points 14 hours ago (2 children)

And I bet he does less work in a day than every single one of the people who were laid off to fund his pay

[–] [email protected] 47 points 14 hours ago (2 children)

Maybe they can come up with some technology that would someday take the position of CEO. Think of the savings...

[–] [email protected] 19 points 13 hours ago (1 children)

Right, but the whole point of a corporation is to benefit insiders at the expense of the owners, employees, suppliers, customers, people that breath air, dolphins, platypi, etc.

[–] [email protected] 2 points 7 hours ago (1 children)

It's to benefit the owners

[–] [email protected] 5 points 7 hours ago

Nah, maybe in terms of stock price temporarily. But these layoffs are all anti value by destroying institutional knowledge, employee loyalty, etc. C suite fucks don’t know anything about their businesses and these sorts of moves always fuck owners in the end. Look at boing, GE, etc. When these Jack Welch types get into management they always fuck over the long term owners and get very rich doing it.

Then again, Im a weirdo that believes in equities having long term intrinsic value so don’t listen to me.

[–] [email protected] 8 points 12 hours ago

I'm pretty sure CEOs are supposed to be one of the most AI replaceable jobs.

[–] [email protected] -3 points 5 hours ago

Lemmy, stop upvoting this BS, you jealous basement dwellers.

Say all you want about unfair pay, but those CEOs work absolutely mad hours and the most insane schedules you can possibly imagine.

[–] [email protected] 80 points 13 hours ago (1 children)

Every time a big company lays people off I always try to remember that it's not because they aren't making enough money as a company. It's because the "important" people want more money.

[–] [email protected] 4 points 7 hours ago

“Growth for the sake of growth is the ideology of a cancer cell”

[–] [email protected] 57 points 14 hours ago (2 children)
[–] [email protected] 21 points 13 hours ago

...because of layoffs

[–] [email protected] 19 points 14 hours ago

Yeah they want to make it clear that they laid off people and he should not get rewarded for it, however I think we all read 'thanks to the layoffs he could increase his pay'

[–] [email protected] 0 points 4 hours ago

Yeah but I bet he met a KPI

[–] [email protected] 10 points 10 hours ago

Satya's union of 1 knows how to negotiate apparently.

[–] [email protected] 33 points 13 hours ago (1 children)

Wow! He must be not just hundreds but many thousands of times more productive than an average employee! Incredible! Well deserved.

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[–] [email protected] 35 points 14 hours ago (2 children)

Absolutely insane. I literally cannot fathom accepting that much money when there are so many other people who need it more.

[–] [email protected] 27 points 13 hours ago

That's because you're not a piece of shit. Most major companies CEOs are pieces of shit

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[–] [email protected] 4 points 10 hours ago

Each day I become closer moving my setup away from windows entirely. I installed Ubuntu alongside windows but now I'm thinking I want a different distro and need to repartition I guess.

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