BrainWorms

1246 readers

143 users here now

Hey, welcome to BrainWorms.

This is a place where I post interesting things that I find and cant categorize into one of the main subs I follow. Enjoy a front seat as i descend into madness

founded 1 year ago

MODERATORS

[email protected]

Microsoft CEO's pay rises 63% to $73m, despite devastating year for layoffs (t.co)

submitted 4 weeks ago by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

cross-posted from: https://lemmy.world/post/21252819

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.

top 2 comments

sorted by: hot top controversial new old

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

That's just capitalism at work, baby.

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

Unclear from article (at least, for me) how much of this is existing stock grants only now vesting, vs. approved raises/new grants/etc.

Not that it particularly matters

big compensation at the top with tumult for the folks at the bottom is...not a good look.