Microsoft offers buyout for up to 7% of U.S. employees
TechCrunch • • business
Key Points:
- Microsoft is offering voluntary retirement buyouts for the first time in its 51-year history, targeting employees whose age plus years of service total 70 or more.
- This initiative allows Microsoft to reduce headcount more gently compared to previous mass layoffs, including the recent cut of 9,000 jobs last summer.
- The buyouts are expected to affect approximately 7% of Microsoft's U.S. workforce, or around 8,750 employees, out of an estimated 125,000 U.S. staff as of June.
- The company has not yet provided an official comment on the buyout program.
