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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[–] [email protected] 8 points 6 days 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.

[–] [email protected] 7 points 6 days ago

Sorry to hear that, typical hierarchical power structure.

We need more worker protections, and more workplace democracy.

[–] [email protected] 5 points 6 days 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)

[–] [email protected] 1 points 4 days ago

No but not everyone works at these large corporations and the issues with how work works remain