this post was submitted on 25 Oct 2024
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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 3 weeks ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world
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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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[–] NOT_RICK@lemmy.world 98 points 3 weeks ago (11 children)

That’s roughly 30k for every employee laid off

[–] theneverfox@pawb.social 8 points 3 weeks ago

So the CEO gets less than half their salary for the year?

Sounds like a great deal for the company. Until, you know, the whole thing collapses because they laid off the workers who kept the whole thing running

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