News Microsoft CEO earns $30.6 million more despite laying off over 2,000 employees in 2024 — salary package represents a 63% raise from the previous year

[Admin]

Microsoft CEO Satya Nadella received $79.1 million in compensation for the performance of its AI investments.

Microsoft CEO earns $30.6 million more despite laying off over 2,000 employees in 2024 — salary package represents a 63% raise from the previous year : Read more

 

[QChronoD]

Microsoft CEO earned an extra $15,000 per person laid off.

 

[JamesJones44]

The headline is kind of click bait. At the end of Microsoft's fiscal 2023 year they had 221,000 employees. At the end of their fiscal 2024 year they have 228,000 employees. That's a net increase of 7000 employees YoY.

Now if we want to talk about quality issues at Microsoft and the $30.6 million more in compensation I'm all ears.

 

[DS426]

They're all in one ship... well, until you have to walk the planks. What's crazy to me is how terrible firing and layoff communications work these days, sometimes being very misleading and last-second. I know this reduces the risk of Insider Threats, but there's plenty of technology to manage high-risk individuals and situations.

If you think you matter at these mega corps, think again. You're an expandable assest. I can only these individuals find work quickly and something to their liking -- hopefully job roles and careers that are more enjoyable and rewarding!

 

[hotaru251]

Any company that has to lay off more than 100 people in a yr should NOT be able to get more pay.

The top needs to start being punished for punishing the bottom.

 

[Alvar "Miles" Udell]

However, even though Microsoft is on a roll with its AI investment

Please explain this statement. Last I saw Microsoft was losing a "staggering amount" of money on AI as people are refusing to pay for it, and there's no profitability forecast.

https://finance.yahoo.com/news/microsoft-losing-staggering-amount-money-172844085.html

 

[bill001g]

The headline is kind of click bait. At the end of Microsoft's fiscal 2023 year they had 221,000 employees. At the end of their fiscal 2024 year they have 228,000 employees. That's a net increase of 7000 employees YoY.

Now if we want to talk about quality issues at Microsoft and the $30.6 million more in compensation I'm all ears.

Not sure about this time but it is fairly well known that microsoft...and many other large companies...have yearly layoffs. They pretty much cut the lowest performing people when performance reviews come out. The people generally know its coming since they have been told a couple times how low they rank. It is keep you mouth shut and we will pay you to go away or you can fight and get let go for cause.

 

[Bikki]

This Jowi author's article is bad at many levels.

1 - Salary increase for the CEO has nothing to do with layoff, it is about company performance and infact MS earns more in 2024.

Microsoft: June 2024 Q4 and FY24 Results - The ITAM Review

Microsoft Corp recently announced its June 2024 Q4 and FY24 end-of-year results. Looking at the overall results across all sectors, the total revenue for Microsoft increased by 16% to a total of $245.1 billion with a ...

itassetmanagement.net

2 - Companies do layoff and hiring every year, and MS actually has total emplyee increased in 2024 https://www.statista.com/statistics/1032136/microsoft-employees-by-business-unit/

3 - Tryng to pull 2 unrelated things and frame correlation is bad intention.

 

[time_lord]

Another example of corrupt corporate bonus culture at its worst.

 

[Bikki]

Another example of corrupt corporate bonus culture at its worst.

check the comments brother, very helpful

 

[Lakitu_Runner]

Any company that has to lay off more than 100 people in a yr should NOT be able to get more pay.

The top needs to start being punished for punishing the bottom.

LOL....you have no idea, do you. In a 10,000 employee company, at least 100 people a year are caught stealing, hitting another employee, coming to work drunk or high, stop showing up to work suddenly etc. For MSFT, it is easy 1,000 a year around a globe.

 

[JamesJones44]

Not sure about this time but it is fairly well known that microsoft...and many other large companies...have yearly layoffs. They pretty much cut the lowest performing people when performance reviews come out. The people generally know its coming since they have been told a couple times how low they rank. It is keep you mouth shut and we will pay you to go away or you can fight and get let go for cause.

Sadly you are correct. It's standard practice in most large companies to cut the bottom 1% yearly. Some even go as far as to do it at the team level, which is a real shame for small teams with 2 or 3 people. If they are all good you have to play games with reviews so that someone new is always at the bottom so they don't get laid off. Companies love it though, helps keep raises down for high performers.