Comment on Microsoft CEO's pay rises 63% to $79m, despite devastating year for layoffs: 2550 jobs lost in 2024

unmagical@lemmy.ml ⁨1⁩ ⁨year⁩ ago

• eager_eagle@lemmy.world ⁨1⁩ ⁨year⁩ ago

  70% workload raise

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• iii@mander.xyz ⁨1⁩ ⁨year⁩ ago

  March 2023

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  • unmagical@lemmy.ml ⁨1⁩ ⁨year⁩ ago

    Eh, congrats! New Job?

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    • iii@mander.xyz ⁨1⁩ ⁨year⁩ ago

      I’m self employed.

      Found out I’m depressed, decided to reduce work to 3 days a week.

      Raised prices to reduce clients. Turns out I now make more, doing less work. It is what it is.

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      • ChickenLadyLovesLife@lemmy.world ⁨1⁩ ⁨year⁩ ago

        I once quit my job at a software company I really hated. They were desperate to keep me around for the projects I was leading so they asked if I would work hourly for a while. I quoted them a go-fuck-yourselves hourly rate which they immediately agreed to, which made me even more angry about my prior years of poor compensation. I worked under this agreement for about half a year and further improved my effective hourly rate by not working very hard.

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      • bbuez@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Dont mean to pry, but I’ll gladly do whatever you’re doing

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• scarabic@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Well his compensation is tied to the stock price so it’s not exactly a “raise.” My employer’s stock is near an all time high right now so I’m not complaining about how much I made from the shares I sold, but neither do I consider it a “raise” because it’s not guaranteed to be the same next year.

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  • ChickenLadyLovesLife@lemmy.world ⁨1⁩ ⁨year⁩ ago

    At my last company, they usually gave end-of-the-year bonuses instead of raises. They were pretty generous, usually amounting to about half of our annual salaries, but it of course prevented us from being guaranteed that level of compensation the following year. That’s why I always describe bonuses as raises followed by pay cuts.

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    • scarabic@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Yeah pretty much. Everything about it is a hedge. They can pay less if their numbers tell them to. They can lay you off and not give you anything. They can make more cash disappear if they have to. It’s the squirrelliest shit yet they cast it like a gift from god.

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