this post was submitted on 25 Oct 2024
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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 3 weeks ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world
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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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[–] rottingleaf@lemmy.world 0 points 3 weeks ago

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.