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.
They were labor heavy because they (and all the other tech giants) overhired during the pandemic assuming that record profits would continue forever. Then they had Surprised Pikachu Face when that didn’t happen. That’s not doing his job. It should have been obvious the spike was temporary.