This is a bit paradoxical. On the one side Microsoft laid off 2,550 employeesprimarily from the Xbox division, and closed four studios, including Tango Gameworks’ Hi-Fi Rush and Arkane Austin’s Redfall. On the other hand, the company has achieved very good financial results. Its CEO may be especially happy about this, since his performance improved by 63%. All this happened in the 2024 financial year, that is, until 06/30/2024.
During this period, Satya Nadella’s salary increased by 63% and amounted to approximately $79.1 million. The majority of your salary comes from shares. In the previous financial year, the head of the American technology giant had $48.5 million.
Microsoft in fiscal year 2024 has succeeded by expanding its AI portfolio. Despite the layoffs, the video game division has become more focused Xbox Cloud Gaming And porting games to new platforms. Nadella mentioned Nintendo Switch and Sony PlayStation. It also intends to support the community more by investing in Game Pass subscriptions.
Microsoft’s annual sales exceeded $245 billion (up 16% year-over-year) and operating income exceeded $109 billion (up 24% year-over-year). The gaming division’s revenue was $21.5 billion. Microsoft closed the 2024 financial year on June 30, 2024. exceeded $3 trillion in value. This is almost 71 trillion Czech crowns.
Source :Indian TV
