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News in English (USA) / 26.10.2024 / 15:00

Microsoft CEO Satya Nadella Receives 63% Pay Increase Amid Layoffs and Cybersecurity Issues

Satya Nadella, the CEO of Microsoft, has received a staggering 63% increase in his total compensation, bringing it to approximately $79.1 million. This significant pay raise comes despite his request for a reduction following security breaches that impacted the company. The increase of over $30 million in his pay package has drawn criticism, especially as Microsoft announced layoffs of nearly 2,500 employees and faced various cybersecurity challenges during the same period. Many employees and industry observers are expressing their dissatisfaction, calling the situation a stark reminder of the growing disparity in executive compensation amidst widespread workforce reductions.
BBC.com, CNBC, Fortune, New York Post , IGN, Bloomberg, Eurogamer, Business Insider, Windows Central, Reuters