Microsoft offers buyouts to around 60,000 employees
The buyout offers mark Microsoft's latest efforts to cut costs and rework its workforce.
TL;DR
- Microsoft is offering voluntary buyouts to approximately 60,000 employees.
- The offer is extended to employees at the vice president level and below in select teams within the US, Canada, India, and the UK.
- Divisions such as Xbox, Windows, Copilot, and Finance are reportedly participating in the buyout offer.
- Employees in data centers, sales, and marketing are excluded from the offer.
- This move aims to cut costs, rework the workforce for the AI era, and provide a supported exit option for employees.
- The buyout terms are expected to be similar to Microsoft's standard severance packages.
- This voluntary exit offer is a new approach for Microsoft, aiming to reduce staff without mass layoffs.