Microsoft offers buyouts up to 7% of US employees
5 hours ago
- #workforce reduction
- #Microsoft buyouts
- #voluntary retirement
- Microsoft is offering voluntary retirement buyouts for the first time in its 51-year history, targeting employees where age plus years of service total 70 or more, with exceptions.
- This approach allows Microsoft to reduce headcount in a less abrasive way than mass layoffs, following previous rounds of layoffs that affected thousands, including 9,000 jobs cut last summer.
- The buyouts would apply to about 7% of Microsoft's U.S. workforce, estimated at 8,750 employees, as the company had roughly 125,000 U.S. employees as of June.