739

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.

you are viewing a single comment's thread
view the rest of the comments
[-] TommySoda@lemmy.world 91 points 1 day ago

Every time a big company lays people off I always try to remember that it's not because they aren't making enough money as a company. It's because the "important" people want more money.

[-] slaacaa@lemmy.world 12 points 1 day ago

“Growth for the sake of growth is the ideology of a cancer cell”

[-] sunzu2@thebrainbin.org 26 points 1 day ago

He get this pay becuase he laysoff people.

Executive compensation is structured around this.

He wouldnt bother withnthe layoffs if his comp didnt improve...

this post was submitted on 25 Oct 2024
739 points (98.9% liked)

Work Reform

9856 readers
484 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