Technology

59675 readers

3081 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

887

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

submitted 1 month 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.

you are viewing a single comment's thread
view the rest of the comments

[–] zante@slrpnk.net 10 points 1 month ago

I just want one outlet to break the shit cycle and report it for what it is : CEO got big pay rises thanks to savings made by eliminating jobs.

That is simply the neutral truth.

It’s not some freakish occurance, not some overtime golden goal shit, this is how it works. It’s the norm.