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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 1 day 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 2 points 6 hours ago

Gotcha, sounds like we’re measuring two different things then

[-] lol_idk@lemmy.ml 3 points 6 hours ago

Yeah. He was already making 49, I was looking at how much of the redistribution went to him, not much, but I imagine it'll go to stock buybacks or AI electricity

[-] NOT_RICK@lemmy.world 1 points 6 hours ago

Yeah maybe to their three mile island project. What a weird sentence. Just a few years off from our Weyland Yutani future

this post was submitted on 25 Oct 2024

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