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Microsoft offers buyouts to 60,000 workers as it pours money into AI
CBS News • • general
Key Points:
- Microsoft is offering voluntary buyouts to about 60,000 employees, roughly 27% of its global workforce, targeting mid-level workers at the vice president level or below in Canada, India, the UK, and the U.S.
- The buyout program aims to provide financial support and career-planning resources to employees considering leaving, while helping Microsoft reduce labor costs.
- This is Microsoft's second voluntary buyout offer in 2024, following a May plan targeting about 8,750 U.S. employees and a July announcement of 4,800 job cuts globally.
- The company is heavily investing in artificial intelligence, expecting to spend $175 billion on AI infrastructure, including data centers, in 2026.
- Microsoft had 223,000 employees globally at the end of June 2024, down from 228,000 at the end of 2023, reflecting ongoing workforce adjustments amid its AI focus.
