Microsoft offers voluntary buyouts to 60,000 employees
Eligible employees in four countries will get standard severance as Microsoft seeks to reduce headcount without another round of involuntary layoffs.
- On Monday, Microsoft announced a "voluntary exit offer" for about 60,000 employees at level 70 and below in the United States, Canada, India, and the United Kingdom, aiming to control headcount while avoiding involuntary layoffs.
- Microsoft Chief People Officer Amy Coleman said the program builds on the Voluntary Retirement Program from earlier this year, which was available to more than 8,700 employees, after the company laid off about 15,000 workers last year.
- Eligible employees will receive an email Monday with terms similar to standard severance, which can include up to 39 weeks of base pay based on seniority and tenure.
- Participating employees must decide by early December whether to accept the offer and exit by year-end, as Microsoft has no plans for another buyout program at this time.
- The initiative aims to create greater workforce flexibility, allowing employees to shape their "next chapter" while Microsoft adapts to changing organizational needs without further involuntary reductions.
48 Articles
48 Articles
Microsoft proposes a new plan of voluntary departures for about 60,000 employees in the United States, Canada, India and the United Kingdom, the group said Monday to the AFP, six months...
Microsoft Corp. announced a voluntary separation programme with compensation that would affect some 60,000 staff members as part of a cost optimization and staff reduction strategy.
Offer applies to employees in the US, Canada, India and the UK
Microsoft offers a new plan of voluntary departures to approximately 60,000 employees in the United States, Canada, India and the United Kingdom, indicated Monday the group to the AFP, six months after a first device of the same type. ...
Microsoft will offer voluntary redundancy to around 60,000 employees, AFP reports. The company had around 223,000 employees at the end of June. The offer applies to selected employees in the United States, Canada, Britain and India. In addition to financial support, the company will also provide them with career planning assistance.
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