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.
Regardless, Microsoft’s shares are up and the company’s market value is now higher than $3tn, as it works to capitalise on the rise of AI.
When I entered the work force in 2005, it was with a company that had never had a layoff in its thirty-year history.
Then, in 2009, they had their first layoff, and I learned later our CEO had taken an 80% pay raise that year.
Taxes aren’t theft. Literally firing people and taking their salaries is theft.
Also that CEO has an eminently punchable face.
Taxes are theft the specific way they are designed in most countries.
Another example of theft is a hired administrator administrating by the criterion of their own pay.
I mean, it is understandable how this works - their pay is a counterweight to the incentive to “mismanage” the company if someone else pays a fitting price. The issue here is that these two incentives do not completely neutralize each other, in some dimension their components add up.
Why I had to say that taxes are still theft - because a CEO is equivalent to a state official in this issue. It’s the same problem.
Political ideologies divide these problems, because political ideologies are like hedge funds, they diversify investments, so that every political ideology could be usable in every landscape for every policy. They are the opposite of consistent, by design.
They should be paying 90% tax over 1 million.
Thank god, all these employees lost their jobs so Satya Nadella can pad out their already insanely high salary.
We don’t want Satya to starve like the rest us of plebs!
Typical and most people in the US view CEO’s as heroes. US income distribution is on the same level as fucking Russia.
As someone from fucking Russia, people with biggest income in your country are usually first businessmen, second - something else, while in Russia those would be cockroaches from MFA, PA and other thieves, plus a few oligarchs who at some point were among those cockroaches.
So it may not be as bad yet, but frankly yes, you are giving out vibes of going in the same direction.
Pretty standard issue corporate psychopath.
An old friend was one of the people who got laid off in January. Fuck MSFT.
CEO = SIC: Shareholder in Chief
He made $12000 off each fired employee.
Per year. And lets not talk about his stock options and other benefits… Fucking disgusting.
The board doesn’t care about the number of people employed. They care about the current profitability and future profitability.
Of course that’s their job; to look after shareholder interests. And the money would move to a better investment if they didn’t.
It’s the whole system you need to change, if you seek change, not moan about an individual CEO.
That’s why Mitbestimmungsgesetz can be goddamn fucking awesome.
That would literally change everything for the better.
I’ve never heard of that. That’s a cool idea.
Current profitability is up. Profit margins are also up from last year. But I could see investors looking at the lack of any path after the current Xbox and wondering why they employ so many there. I’m sure other areas have also seen some stagnation.
Headline confused “despite” and “due to”
yeah lol what do they think is happening here
Regulate monopolies. Eat the rich.
That’s roughly 30k for every employee laid off
That’s some real bald-headed behavior if you ask me.
If they were software engineers, they saved $200,000+ per person laid off
That’s how he makes dem big bux, by telling other people to fuck off
Sounds like an easy sell to the board, then. It it’s that much of a net positive in economics.
He deserves it. He made the deal to own 49% of OpenAI, which is quickly becoming one of the most valuable companies of all time.
When was the last time you got a 63% raise?
70% workload raise
Well his compensation is tied to the stock price so it’s not exactly a “raise.” My employer’s stock is near an all time high right now so I’m not complaining about how much I made from the shares I sold, but neither do I consider it a “raise” because it’s not guaranteed to be the same next year.
At my last company, they usually gave end-of-the-year bonuses instead of raises. They were pretty generous, usually amounting to about half of our annual salaries, but it of course prevented us from being guaranteed that level of compensation the following year. That’s why I always describe bonuses as raises followed by pay cuts.
Yeah pretty much. Everything about it is a hedge. They can pay less if their numbers tell them to. They can lay you off and not give you anything. They can make more cash disappear if they have to. It’s the squirrelliest shit yet they cast it like a gift from god.
March 2023
Eh, congrats! New Job?
I’m self employed.
Found out I’m depressed, decided to reduce work to 3 days a week.
Raised prices to reduce clients. Turns out I now make more, doing less work. It is what it is.
I once quit my job at a software company I really hated. They were desperate to keep me around for the projects I was leading so they asked if I would work hourly for a while. I quoted them a go-fuck-yourselves hourly rate which they immediately agreed to, which made me even more angry about my prior years of poor compensation. I worked under this agreement for about half a year and further improved my effective hourly rate by not working very hard.
Dont mean to pry, but I’ll gladly do whatever you’re doing
He’s mainly dealing with depression.
Only 2 days a week for depression? Rookie numbers
