this post was submitted on 25 Oct 2024
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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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[–] [email protected] 13 points 12 hours ago

I would like to propose some changes to that title:

Microsoft CEO's pay rises 63% to $79m, ~~despite~~ [because of] devastating year for layoffs: 2550 ~~jobs lost~~ [employees were fired by their greedy CEO] in 2024 [because he wanted more money]

[–] [email protected] 9 points 11 hours ago (1 children)

his payrise is equivalent to something like 3000 US workers minimum wage annual salaries

if my math is correct (which it probably isn't)

[–] [email protected] 2 points 8 hours ago

Yup, that checks out for me.

That said, that's the federal minimum wage, which almost nobody actually gets (article says $1M people).

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

fuck him not just for making those people's lives miserable, but for stamping down the fucking wages of everyone else in tech by flooding the fucking market

[–] [email protected] 7 points 11 hours ago

I just want one outlet to break the shit cycle and report it for what it is : CEO got big pay rises thanks to savings made by eliminating jobs.

That is simply the neutral truth.

It’s not some freakish occurance, not some overtime golden goal shit, this is how it works. It’s the norm.

[–] [email protected] 2 points 9 hours ago

@ForgottenFlux disappointed but utterly unsurprised

[–] [email protected] 4 points 11 hours ago

Thinking of all the cool products this CEO has killed off. I would love to see this company split up so that maybe they could innovate again.

[–] [email protected] 3 points 11 hours ago

Let's start exercising that 2nd amendment y'all!

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