Microsoft begins offering buyouts to up to 60,000 employees
Microsoft is offering voluntary buyouts to as many as 60,000 employees in four countries, about a quarter of its workforce.
Microsoft is offering voluntary buyouts to up to 60,000 employees in the US, UK, Canada and India. Ars Technica reports that affected employees may receive their offers to leave today.
CBS News says the group is roughly a quarter of Microsoft's workforce. It describes the program as a "voluntary exit offer."
The Verge reports that chief people officer Amy Coleman announced the program in a message to staff. According to The Verge, the message says employees can leave with financial support and career planning help. The Verge's report is cut off, so its account of why Microsoft is cutting staff this way is incomplete.
CBS News ties the move to Microsoft's rising spending on AI. CNBC describes the company as trying to expand its infrastructure quickly while keeping a lid on capital costs.
Reported by
- The VergeMicrosoft offers buyouts to 60,000 employeesMon, Oct 26, 11:58 AM EDT
- CNBCMicrosoft offers voluntary buyouts to 60,000 employeesMon, Oct 26, 11:59 AM EDT
- CBS NewsMicrosoft offers buyouts to 60,000 workers as it invests more in AIMon, Oct 26, 1:39 PM EDT
- Ars TechnicaMicrosoft offers to buy out a quarter of its workforceMon, Oct 26, 6:36 PM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.
Earlier versions (2)
- Mon, Oct 26, 1:40 PM EDT, 3 outlets: Microsoft offers voluntary buyouts to up to 60,000 employees
- Mon, Oct 26, 12:05 PM EDT, 2 outlets: Microsoft offers voluntary buyouts to up to 60,000 employees