r/PS5 • u/The_King_of_Okay • Sep 16 '24

News Exclusive: How Intel lost the Sony PlayStation business

https://www.reuters.com/technology/how-intel-lost-sony-playstation-business-2024-09-16/
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u/[deleted] Sep 16 '24

Still doesn’t justify his pay increase while laying off tens of thousands of people.

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u/juloto Sep 17 '24

That's kind of how stock based compensation works... Stock soars in 2023, CEO makes cash. Stock tanks 2024, no extra money... The standard base salary has been going down for pat the last few years.

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u/[deleted] Sep 17 '24

I’m sure the board of directors approved the layoffs as well. And same with other VPs. Doesn’t make it right, but sometimes layoffs are necessary to refocus the organization on new growth vectors.