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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 week ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

102 comments fedilink hide all child comments

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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[–] YurkshireLad@lemmy.ca 18 points 1 week ago (2 children)

His salary increase must be inversely proportional to the quality increase in Windows 11.

[–] lando55@lemmy.world 3 points 1 week ago

You're saying he deserves more?!

[–] pressanykeynow@lemmy.world 1 points 1 week ago

Well Windows wasn't an important Microsoft product for like 15 years now. It's been like 7 years when Microsoft is a company mostly selling cloud Linux services. Ridiculous I know, but that's from their yearly financial reports. It seems their plan is to cash out Windows as fast as possible before dropping it.