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

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• Diplomjodler3@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Because, not despite.

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  • zante@slrpnk.net ⁨1⁩ ⁨year⁩ ago

    Immaculate concision

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• sgibson5150@slrpnk.net ⁨1⁩ ⁨year⁩ ago

  Image

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• billiam0202@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Well, yeah. How do you think they could afford Nadella’s pay raise?

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• NOT_RICK@lemmy.world ⁨1⁩ ⁨year⁩ ago

  That’s roughly 30k for every employee laid off

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  • lol_idk@lemmy.ml ⁨1⁩ ⁨year⁩ ago

    My math says roughly $12k

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    • NOT_RICK@lemmy.world ⁨1⁩ ⁨year⁩ ago

      79,000,000 / 2,550 = 30,980

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  • theneverfox@pawb.social ⁨1⁩ ⁨year⁩ 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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  • NRay7882@lemmy.world ⁨1⁩ ⁨year⁩ ago

    That’s some real bald-headed behavior if you ask me.

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    • feedum_sneedson@lemmy.world ⁨1⁩ ⁨year⁩ ago

      I’m bald.

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  • weew@lemmy.ca ⁨1⁩ ⁨year⁩ ago

    If they were software engineers, they saved $200,000+ per person laid off

    That’s how he makes dem big bux

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  • Telodzrum@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Sounds like an easy sell to the board, then. It it’s that much of a net positive in economics.

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• octopus_ink@lemmy.ml ⁨1⁩ ⁨year⁩ ago

  Image

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• unmagical@lemmy.ml ⁨1⁩ ⁨year⁩ ago

  When was the last time you got a 63% raise?

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  • eager_eagle@lemmy.world ⁨1⁩ ⁨year⁩ ago

    70% workload raise

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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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  • 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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