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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 2 months 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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[-] Antaeus@lemmy.world 2 points 2 months ago

Go Copilot!

[-] OutrageousUmpire@lemmy.world 2 points 2 months ago

He deserves it. He made the deal to own 49% of OpenAI, which is quickly becoming one of the most valuable companies of all time.

[-] UnfairUtan@lemmy.world 4 points 2 months ago

You can feel that he made good business decisions, but it's pretty awful to be rewarded so much for being the root cause of so many layoffs, don't you think?

[-] mathias@pawb.fun 1 points 2 months ago

@ForgottenFlux disappointed but utterly unsurprised

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this post was submitted on 25 Oct 2024
866 points (100.0% liked)

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