They laid off 2000 last year and the CEO gave himself a 30 million dollar raise. If he fires 7000 this year, he'll give himself a 100 million dollar raise?
this post was submitted on 14 May 2025
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They're also hiring much more than they're laying off. They gained like 84k employees in the last 5-6 years (includes like 25k layoffs).
The bonus was also basically all stocks, so if the company does well, he gets more money. If it fails he gets less.
No, the bonus was all stocks so he can take a loan at 0% using the stocks as collateral and not have to pay taxes on it. If they paid him an actual bonus in real dollars he would have to pay taxes like one of us poors.
the bonus was all stocks so he can take a loan at 0% using the stocks as collateral and not have to pay taxes on it.
This is not accurate. Stock grants are treated as ordinary income on the date they vest. Sure after income tax is paid, you can do loans against it etc. But vesting of stock is a tax event. This is a common misunderstanding online.
The bonus was also basically all stocks, so if the company does well, he gets more money. If it fails he gets less.
Is this supposed make people feel "better", buddy?
Satya the creep has skin in this game boys, pack it up, work is done 🤡
What shitbags
A friend of mine is a video game developer, works for a Microsoft studio, has somehow survived like 3 or 4 layoffs and closures the last 5 years.