Microsoft expects 'very few people' to accept buyout, CFO says in internal memo
Microsoft is offering a buyout to about a quarter of its workforce. The company expects "very few people" to accept, a CFO memo said.
TL;DR
- Microsoft expects fewer than 3,000 employees to accept the voluntary buyout offer.
- CFO Amy Hood stated the offer provides employees agency and that few are expected to take it due to growth opportunities.
- The company exceeded Wall Street expectations for Q1, with revenue up 19% and operating income up 21%.
- Microsoft changed its reporting structure from three to two segments: Agents and Infra, and Devices and Consumer.
- Agents and Infra revenue grew 23%, with Microsoft Cloud revenue increasing 30%.
- Devices and Consumer revenue declined 3%, impacted by a decrease in Windows OEM and devices revenue.