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.
Absolutely insane. I literally cannot fathom accepting that much money when there are so many other people who need it more.
Employees are a companies biggest expanse. Thats why they want to get rid of them as much as possible. Why are people really thinking that AI will free up new jobs? There is a finite amount of things only humans can do more “effeciently”(not sure if thats the right word, forgive my german) or better, and it is only getting smaller.
That’s because you’re not a piece of shit. Most major companies CEOs are pieces of shit