this post was submitted on 25 Oct 2024
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Microsoft CEO's pay rises 63% to $73m, despite devastating year for layoffs (t.co)
submitted 1 month ago by DeadWorld@lemm.ee to c/brainworms@lemm.ee
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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.

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[–] franklin@lemmy.world 1 points 1 month ago

That's just capitalism at work, baby.

[–] qjkxbmwvz@startrek.website 1 points 1 month 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.