Microsoft CEO Satya Nadella was awarded a $30 million pay raise — 63% more than what he earned last year — even as the Windows maker slashed its workforce by 2,500 people.
Stock awards for Nadella, who earned $48.5 million in 2023, climbed to about $71 million from $39 million a year earlier, according an SEC filing.
The raise comes after Microsoft shed 1,900 people from its gaming workforce following the company’s $69 billion acquisition of Activision Blizzard.
Months later, it shuttered another gamer firm, Arkane Austin, and handed out pink slips to 650 employees.
nypost.com
Stock awards for Nadella, who earned $48.5 million in 2023, climbed to about $71 million from $39 million a year earlier, according an SEC filing.
The raise comes after Microsoft shed 1,900 people from its gaming workforce following the company’s $69 billion acquisition of Activision Blizzard.
Months later, it shuttered another gamer firm, Arkane Austin, and handed out pink slips to 650 employees.
Microsoft CEO Satya Nadella gets $30M raise — while company fired nearly 2,500 workers
Nadella’s total compensation package for fiscal year 2024 which ended June 30 was $79.1 million — up from $48.5 million in the previous year.
nypost.com
