Microsoft is offering buyouts to around 60,000 employees. Read the memo.
Around 60,000 employees will be eligible and the terms of the buyout will resemble Microsoft's standard severance offer.
TL;DR
- Microsoft is offering voluntary exit buyouts to around 60,000 eligible employees.
- The offer aims to reduce workforce size flexibly and avoid involuntary layoffs.
- Eligible employees are in the U.S., Canada, India, and the U.K., at level 70 and below, excluding some sales, engineering, and corporate teams.
- The severance package is similar to Microsoft's standard severance, with details to be provided via email.
- Employees have until early December to accept the offer.
- This follows a previous Voluntary Retirement Program where about one-third of eligible employees accepted the buyout.