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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[–] turbowafflz@lemmy.world 139 points 3 weeks ago (6 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

[–] FigMcLargeHuge@sh.itjust.works 53 points 3 weeks ago (4 children)

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

[–] YtA4QCam2A9j7EfTgHrH@infosec.pub 22 points 3 weeks 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.

[–] rambling_lunatic@sh.itjust.works 2 points 3 weeks ago (1 children)

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.

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