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.
The board doesn’t care about the number of people employed. They care about the current profitability and future profitability.
Of course that’s their job; to look after shareholder interests. And the money would move to a better investment if they didn’t.
It’s the whole system you need to change, if you seek change, not moan about an individual CEO.
Current profitability is up. Profit margins are also up from last year. But I could see investors looking at the lack of any path after the current Xbox and wondering why they employ so many there. I’m sure other areas have also seen some stagnation.
That’s why Mitbestimmungsgesetz can be goddamn fucking awesome.
That would literally change everything for the better.
That would be awesome, but would have limited results if there are still a few enormous companies with patent and IP laws preventing competition.
You can’t have that eternal fight between democratic egalitarian monopoly and competitive jungle. The whole point of civilization is to have both representation and competition.
I’ve never heard of that. That’s a cool idea.
I don’t see how paying him so much is actually increasing dividends though.
Pay him half as much or find someone else who will do it for half as much
That’s roughly 30k for every employee laid off
If they were software engineers, they saved $200,000+ per person laid off
That’s how he makes dem big bux, by telling other people to fuck off
Sounds like an easy sell to the board, then. It it’s that much of a net positive in economics.
My math says roughly $12k
79,000,000 / 2,550 = 30,980
The increase is only 30 mill
Gotcha, sounds like we’re measuring two different things then
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
Yeah maybe to their three mile island project. What a weird sentence. Just a few years off from our Weyland Yutani future
That’s some real bald-headed behavior if you ask me.
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
Well, yeah. How do you think they could afford Nadella’s pay raise?
Because, not despite.
Immaculate concision
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: 2550jobs lost[employees were fired by their greedy CEO] in 2024 [because he wanted more money]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
Headline confused “despite” and “due to”
yeah lol what do they think is happening here
his payrise is equivalent to something like 3000 US workers minimum wage annual salaries
if my math is correct (which it probably isn’t)
Yup, that checks out for me.
That said, that’s the federal minimum wage, which almost nobody actually gets (article says $1M people).
One million dollar-people?
His salary increase must be inversely proportional to the quality increase in Windows 11.
You’re saying he deserves more?!
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.
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.
Regulate monopolies. Eat the rich.
He made $12000 off each fired employee.
Per year. And lets not talk about his stock options and other benefits… Fucking disgusting.
CEO = SIC: Shareholder in Chief
