this post was submitted on 25 Oct 2024
887 points (98.7% liked)

Technology

59669 readers
2830 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
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
887
Microsoft CEO's pay rises 63% to $79m, despite devastating year for layoffs: 2550 jobs lost in 2024 (www.eurogamer.net)
submitted 1 month ago by [email protected] to c/[email protected]
102 comments fedilink hide all child comments
 

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
[–] [email protected] 33 points 1 month ago (1 children)

Typical and most people in the US view CEO's as heroes. US income distribution is on the same level as fucking Russia.

[–] [email protected] 22 points 1 month ago (1 children)

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.

[–] [email protected] 5 points 1 month ago (1 children)

US is the OG oligarchy, but we cosplay "Democracy" to cope

[–] [email protected] 2 points 1 month ago (1 children)

I agree, but yours are real oligarchs, while those I'm talking about are a relatively new thing for you.

Russian-style ones are just blokes from one and the same corporation who chose they want to be celebrities. A façade. They used oligarchy as a scapegoat in the 90s, to avoid lustration while it still could be done.

[–] [email protected] 3 points 1 month ago

I see your point. In US our oligarchs run the show. In russia, they submit to the "President" to obtain the position.