Microsoft is offering buyouts to around 60,000 employees. Read the memo.
Source: Business Insider ·
Around 60,000 employees will be eligible and the terms of the buyout will resemble Microsoft's standard severance offer.
From the source
Microsoft Chief People Officer Amy Coleman.MicrosoftMicrosoft is offering buyouts to around 60,000 employees.The offers will go out later today, and resemble Microsoft's standard severance offer.The buyout offer could help Microsoft cut costs and reshape its workforce for the AI era.Microsoft is offering buyouts, according to a memo Chief People Officer Amy Coleman sent to employees Monday."The Voluntary Exit Offer reflects an important part of how we're evolving our approach to change: creating greater flexibility and, where possible, more ways for employees to shape their next chapter," Coleman wrote.Microsoft's voluntary exit offer is the company's latest attempt to slim its workforce without another round of involuntary cuts. After spending heavily on AI infrastructure and reducing headcount this year, Microsoft is offering remaining employees a chance to leave, testing whether voluntary departures can cut costs.Eligible employees in the U.S., Canada, India, and the U.K. at level…