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

submitted 7 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 2 points 7 months ago

Layoffs have nothing immediate to do with the health of the company. It damages the company, but that is for future quarters.