Microsoft offers voluntary buyouts to 60,000 employees
The program gives eligible workers severance-like pay and career support as Microsoft tries to adjust head count without immediate 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.
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356 Articles
Microsoft extends voluntary buyouts to 60,000 staff amid AI efficiency drive
Microsoft is rolling out a sweeping voluntary buyout to tens of thousands of workers as it tries to fund a massive artificial intelligence build-out without losing its grip on costs. According to a report from CNBC, around 60,000 employees across four countries are eligible for the new program. The software giant said Monday that it […]
Tech Giant Offers Buyouts To 60,000 Employees In Massive Cost-Cutting Move
Microsoft is offering voluntary buyouts to approximately 60,000 employees worldwide, marking another major workforce reduction effort as the technology giant looks to control expenses while pouring billions of dollars into artificial intelligence. The announcement Monday affects more than a quarter of Microsoft’s global workforce, with eligible employees across several major divisions receiving the opportunity to […]
The offer will be offered to employees of certain teams in the United States, Canada, India and the United Kingdom, "*at level 70 and below*", which could include some senior managers. Approximately 60,000 employees would be involved.
Microsoft is launching a voluntary redundancy program that will be available to up to 60,000 people, or more than a quarter of the company's global workforce, Reuters reported.
Zeit Online
Microsoft is putting ever larger amounts of money into data centers and chips for artificial intelligence. At the same time, the workforce is to become more flexible and the company is to be cheaper. For this, the tech giant already sets up the second severance program within one year.
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