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Microsoft offers around 60,000 employees voluntary buyouts
Euronews.com • • nation
Key Points:
- Microsoft is offering a voluntary buyout program called the "Voluntary Exit Offer" to employees on select teams across the US, Canada, India, and the UK, targeting staff at level 70 and below, including some senior roles.
- The program is time-limited and provides financial support and career planning resources to eligible employees, with around 60,000 staff expected to qualify.
- This initiative follows Microsoft's earlier announcement in July to cut approximately 4,800 jobs (2.1% of its workforce) primarily in its commercial and Xbox gaming divisions as part of cost-cutting and strategic shifts amid the rise of AI.
- Microsoft also offered an early retirement option earlier this year, with over 30% of eligible employees opting in, and plans to continue exploring similar workforce adjustment strategies.
