this post was submitted on 25 Oct 2024
758 points (99.2% liked)

Work Reform

10030 readers
472 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
 

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.

(page 2) 44 comments
sorted by: hot top controversial new old
[–] [email protected] 4 points 1 month ago* (last edited 1 month ago)

Interesting... So according to this ign most of that was awarded in stock. It kind of solidifies the comments about making money for the share holders by cutting costs. Was gonna say would be nice for us peasants to be awarded in stock but then I would feel like crap if I'd get ton of money while others lost their job.

[–] [email protected] 4 points 1 month 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.

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

Yeah but those layoffs saved a LOT of money! /s

[–] [email protected] 3 points 1 month ago

Wow, the price of a soul went up 63%.

[–] [email protected] 3 points 1 month ago

Come on guys, you can't expect them to take care of their CEO and their employees.

[–] [email protected] 1 points 1 month ago

With all the suffering that they've been inflicting upon Windows serfs, he's more than earned it. If it were up to me, I'd up his pay tenfold. I can't wait to see what MS has in store for the tech cattle in 2025!

[–] [email protected] 1 points 4 weeks ago
[–] [email protected] 0 points 1 month ago

Yeah but I bet he met a KPI

[–] [email protected] -1 points 1 month ago (1 children)

CEO (and really the whole executive committee and board of directors) is beholden to the shareholders, not the employees. Employees are not only an expense, but the largest expense a company has.

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

Employees should buy up all the stock.

[–] [email protected] 1 points 1 month ago

Unfortunately, they would only be able to buy stock that is for sale.

load more comments
view more: ‹ prev next ›