this post was submitted on 25 Oct 2024
832 points (98.8% liked)

Technology

58877 readers
3571 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] NOT_RICK@lemmy.world 94 points 1 day ago (5 children)

That’s roughly 30k for every employee laid off

[–] lol_idk@lemmy.ml 1 points 4 hours ago (1 children)
[–] NOT_RICK@lemmy.world 2 points 4 hours ago (1 children)
[–] lol_idk@lemmy.ml 1 points 4 hours ago (1 children)
[–] NOT_RICK@lemmy.world 2 points 4 hours ago (1 children)

Gotcha, sounds like we’re measuring two different things then

[–] lol_idk@lemmy.ml 3 points 4 hours ago (1 children)

Yeah. He was already making 49, I was looking at how much of the redistribution went to him, not much, but I imagine it'll go to stock buybacks or AI electricity

[–] NOT_RICK@lemmy.world 1 points 4 hours ago

Yeah maybe to their three mile island project. What a weird sentence. Just a few years off from our Weyland Yutani future

[–] theneverfox@pawb.social 6 points 13 hours ago

So the CEO gets less than half their salary for the year?

Sounds like a great deal for the company. Until, you know, the whole thing collapses because they laid off the workers who kept the whole thing running

[–] Telodzrum@lemmy.world 32 points 1 day ago

Sounds like an easy sell to the board, then. It it's that much of a net positive in economics.

[–] weew@lemmy.ca 15 points 23 hours ago* (last edited 23 hours ago)

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

[–] NRay7882@lemmy.world -1 points 15 hours ago (1 children)

That's some real bald-headed behavior if you ask me.