An old friend was one of the people who got laid off in January. Fuck MSFT.
this post was submitted on 25 Oct 2024
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When was the last time you got a 63% 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
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Regulate monopolies. Eat the rich.
His salary increase must be inversely proportional to the quality increase in Windows 11.
You're saying he deserves more?!
Well Windows wasn't an important Microsoft product for like 15 years now. It's been like 7 years when Microsoft is a company mostly selling cloud Linux services. Ridiculous I know, but that's from their yearly financial reports. It seems their plan is to cash out Windows as fast as possible before dropping it.
Because, not despite.
Immaculate concision
I would like to propose some changes to that title:
Microsoft CEO's pay rises 63% to $79m, ~~despite~~ [because of] devastating year for layoffs: 2550 ~~jobs lost~~ [employees were fired by their greedy CEO] in 2024 [because he wanted more money]
Well, yeah. How do you think they could afford Nadella's pay raise?
fuck him not just for making those people's lives miserable, but for stamping down the fucking wages of everyone else in tech by flooding the fucking market
his payrise is equivalent to something like 3000 US workers minimum wage annual salaries
if my math is correct (which it probably isn't)
Yup, that checks out for me.
That said, that's the federal minimum wage, which almost nobody actually gets (article says $1M people).
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Thinking of all the cool products this CEO has killed off. I would love to see this company split up so that maybe they could innovate again.
I just want one outlet to break the shit cycle and report it for what it is : CEO got big pay rises thanks to savings made by eliminating jobs.
That is simply the neutral truth.
It’s not some freakish occurance, not some overtime golden goal shit, this is how it works. It’s the norm.
Let's start exercising that 2nd amendment y'all!