this post was submitted on 25 Oct 2024
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Work Reform

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Microsoft boss Satya Nadella will earn a wallet-busting $79.1m (£60.9m) this financial year, up 63 percent on his compensation for 2023.

The huge boost to Nadella's pay in both cash and stock, announced by Microsoft last night, comes after a positive year overall for the company's financial revenues - but a turbulent 12 months for its employees.

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.

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[–] GoTeamBoobies@lemmy.world 24 points 1 week ago (1 children)

Glad my layoff could help you out!

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[–] mindaika@lemmy.dbzer0.com 11 points 1 week ago

I got a 63 cent raise this year too!

[–] m3t00@lemmy.world 9 points 1 week ago

while trying to buy a license they claimed i needed a subscription to 365 garbage first. hung up and installed linux.

[–] Lettuceeatlettuce@lemmy.ml 26 points 1 week ago (1 children)

Remember, he's the real victim here, he had to sign off on all those layoffs, he's going to have to live with that decision...

...in one of his multiple mansions.

He gets paid that much because he's one of the few people on earth who can make those kind of tough choices. The poor guy must be weeping into his caviar.

[–] mayo@lemmy.world 8 points 1 week ago (2 children)

Our CEO announced layoffs recently and then even more recently sent a follow up email complaining about how people were complaining about it and saying how hard it has been for the executive team. We're a small company and I get the pain they are feeling due to financial constraints but at the end of the day we work for money and they are taking home 3-4x as much as anyone else each month while making all the decisions about how money is spent. It's hard not to become resentful.

[–] Tja@programming.dev 5 points 1 week ago (1 children)

3-4x is in the fair region still. Do you think Microsoft employees make 20-30 millions each? (3-4x less than the CEO)

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[–] DemBoSain@midwest.social 8 points 1 week ago
[–] queermunist@lemmy.ml 137 points 1 week ago (20 children)

Because of the devastating year for layoffs.

The purpose of a system is what it does.

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[–] Sam_Bass@lemmy.world 13 points 1 week ago

more like because of the layoffs

[–] GhostFaceSkrilla@lemmy.world 51 points 1 week ago (1 children)
[–] ameancow@lemmy.world 10 points 1 week ago (4 children)

We can't even get people to go outside and meet live humans for sex anymore, everyone has switched to online apps for dating. People order food and groceries because we learned from Covid we don't need to actually interact with other people.

Does anyone actually expect us to mobilize and topple powerful financial institutions? We have the most comfortable society on Earth in the US. Despite how miserable everyone is, nobody wants to leave their soft chairs and giant computer monitors and immersive video games and discord chat channels where you can mute and block anyone you don't like. The only thing that could possibly change our course at this point would be some transhumanist/singularity nonsense like artificial general intelligence being developed and wrecking the economy.

But that's tech being developed and controlled by the wealthy elite, so my hopes faded long ago.

[–] 800XL@lemmy.world 6 points 1 week ago

Everything is going exactly to plan. You're welcome.

[–] r00ty@kbin.life 8 points 1 week ago (5 children)

Maybe someone can make an app, so I can have someone paid at an insultingly low hourly rate to go protest/riot in my place?

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[–] turbowafflz@lemmy.world 137 points 1 week ago (2 children)

And I bet he does less work in a day than every single one of the people who were laid off to fund his pay

[–] FigMcLargeHuge@sh.itjust.works 53 points 1 week ago (2 children)

Maybe they can come up with some technology that would someday take the position of CEO. Think of the savings...

[–] YtA4QCam2A9j7EfTgHrH@infosec.pub 22 points 1 week ago (2 children)

Right, but the whole point of a corporation is to benefit insiders at the expense of the owners, employees, suppliers, customers, people that breath air, dolphins, platypi, etc.

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[–] RedditRefugee69@lemmynsfw.com 11 points 1 week ago

I'm pretty sure CEOs are supposed to be one of the most AI replaceable jobs.

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[–] TommySoda@lemmy.world 93 points 1 week ago (2 children)

Every time a big company lays people off I always try to remember that it's not because they aren't making enough money as a company. It's because the "important" people want more money.

[–] slaacaa@lemmy.world 13 points 1 week ago

“Growth for the sake of growth is the ideology of a cancer cell”

[–] sunzu2@thebrainbin.org 26 points 1 week ago

He get this pay becuase he laysoff people.

Executive compensation is structured around this.

He wouldnt bother withnthe layoffs if his comp didnt improve...

[–] Skates@feddit.nl 33 points 1 week ago

~~despite~~

thanks to

[–] Burn_The_Right@lemmy.world 27 points 1 week ago* (last edited 1 week ago) (1 children)

What a miracle! He must work that much harder than everyone else there! I'll bet A.I. could never do as good a job as he does!

I almost forgot... I heard his marbled meat will taste better than many other breeds of billionaire, especially when slow-smoked over Mesquite. I hope we are able to taste that one day.

[–] riodoro1@lemmy.world 9 points 1 week ago (1 children)

Im a vegetarian but this one would be good for the planet, so…

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[–] knightly@pawb.social 62 points 1 week ago (2 children)
[–] Rozz@lemmy.sdf.org 22 points 1 week ago

...because of layoffs

[–] Taiatari@lemmynsfw.com 20 points 1 week ago

Yeah they want to make it clear that they laid off people and he should not get rewarded for it, however I think we all read 'thanks to the layoffs he could increase his pay'

[–] Maeve@midwest.social 10 points 1 week ago

Fire the CEO and hire back the best with pay rises, if they're willing. JC, MS, get a grip on yourselves.

[–] henfredemars@infosec.pub 37 points 1 week ago (1 children)

Wow! He must be not just hundreds but many thousands of times more productive than an average employee! Incredible! Well deserved.

[–] radiohead37@lemmynsfw.com 10 points 1 week ago* (last edited 1 week ago)

Wow such work, much deserve

[–] iAmTheTot@sh.itjust.works 39 points 1 week ago (2 children)

Absolutely insane. I literally cannot fathom accepting that much money when there are so many other people who need it more.

[–] Asafum@feddit.nl 32 points 1 week ago

That's because you're not a piece of shit. Most major companies CEOs are pieces of shit

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[–] ikidd@lemmy.world 10 points 1 week ago

Satya's union of 1 knows how to negotiate apparently.

[–] some_guy@lemmy.sdf.org 15 points 1 week ago

It’d be cool to never be held accountable for bad business moves, but we also know that layoffs are celebrated by Wall Street for cutting costs.

[–] JoMiran@lemmy.ml 11 points 1 week ago (2 children)

On the one hand, Nadella has, in my opinion, saved Microsoft. They were on a downward spiral right before he took over. On the other hand, nothing justifies a $79.1MM salary. That is grotesque.

[–] SlippiHUD@lemmy.world 15 points 1 week ago

They still are, they might have started to pull up, by they're still squarely on a collision course with the ground. When this AI bubble pops, thier Boeing provided auto-pilot will crater them into the ground.

Sorry, this metaphor got away from me.

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